Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

India to take advantage of China's retaliatory tariff on US goods

foodmate 2018-07-17
Share       

The trade war between the United States and China is leaving its effect on potential exports of other countries. China imposed retaliatory import duties on more than 800 items from the US last week and there might be more on the way. New Delhi is looking to take advantage of the situation by pushing their own exports of the targeted products to China.

“The Commerce Ministry is going through the list of items on which China has imposed duties on the US and is trying to identify products wher India could try to increase its exports. It will soon start stakeholder consultations with exporters of farm products and the industry to put in place a strategy,” a government official told BusinessLine.

only last week China imposed 25% duties on imports from the United States, worth about $34 billion a year, in retaliation to tariffs imposed by Washington on Chinese imports worth an equal amount. The Trump administration has now threatened to impose another tranche of tariffs worth $16 billion in a few weeks, gradually increasing that to $200 billion.

“By making it easier for India to replac imports from the US in the Chinese market, Beijing would also be making an honest effort to fulfil its promise to India, made at the highest political level, of helping to bridge the gaping $63 billion trade deficit that exists between the two,” the official said.

Some items on which China has imposed additional duties of 25% include soyabeans, pork, fish, seafood including prawns and shrimp, dairy products, vegetables such as potatoes, tomatoes, onions, shallots, garlic and peas, lentils, nuts including cashews and coconut, fruits including apples, grapes and orange juice, and alcohol.

“Agriculture is a major area wher Beijing has imposed retaliatory tariffs on US imports. The Commerce Ministry’s agriculture division will soon hold a meeting with exporters to find out wher they see opportunity,” the official said.

If exporters can convince the Commerce Ministry of the potential for the export of certain items and find means to make it happen, the Ministry could also rope in the Indian Embassy in China to work with the Chinese government on various barriers, the official said.

-----------------------------------------------------------------------------------------------------------------------------------------------

Editors Note:

To apply for becoming a contributor of en-Sjgle.com,

welcome to send your CV and sample works to us,

Email: Julia.Zhang@ubmsinoexpo.com.

 

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

GELATIN 100 BLOOM(FOOD GRADE)

GELATIN 100 BLOOM(FOOD GRADE)

Ginger Powder

Ginger Powder

Probiotics GM-020

Probiotics GM-020

Edible Pea Starch

Edible Pea Starch

Yusweet DC xylitol

Yusweet DC xylitol

DZ600/4SB Vacuum Packager

DZ600/4SB Vacuum Packager

14 Heads Salad Multihead Weigher

14 Heads Salad Multihead Weigher

Potato starch processing line

Potato starch processing line

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121