ABSTRACT
Reference prices at the farm level for several strategic commodities issued by the Ministry of Trade are generally higher than fair prices to obtain reasonable profits (20-30% of total farming cost). For maize, soybean, and sugar, the reference price is around 2.28%; 14.34%; and 13.40%...
Comment
You may also like
2013.08.19
10,388
Agricultural Tariffication Act: Tariff in lieu of Quantitative Import Restriction[1]
Albert P. Aquino, Jamaica Angelica P. Deriquito and Princess Alma B. Ani[2]
Commitment to the World Trade Organization – Uruguay Round Agreement
The Philippines’ ratification of the General...
2017.04.11
2,839
INTRODUCTION
Since the middle of the 1990s, Vietnam has integrated intensely with the global economy. In 1995, Vietnam became an official member of the Association of South-East Asian Nations (ASEAN) and in 2007, participated in the World Trade Organization. Since that time until now, Vietnam...
US and Indian trade negotiators continued talks on Wednesday to reach a tariff-reducing agreement before President Donald Trump's July 9 deadline. However, disagreements over US dairy and agriculture issues remain unresolved, Reuters reported, citing sources familiar with the discussions.
The negotiations follow Trump's announcement of a deal with Vietnam that lowers US tariffs on many Vietnamese goods to 20% from a previously threatened 46%. Trump also stated that US products could enter Vietnam duty-free, although details were limited.
Trump had threatened a 26% duty on Indian goods as part of his April 2 "Liberation Day" reciprocal tariffs, which were temporarily reduced to 10% to allow time for negotiations. Sources from India's commerce ministry stated that the Indian trade delegation remains in Washington, having arrived a week ago for talks that commenced last Thursday and Friday.
The delegation may extend their stay to finalise a deal, but will not compromise on key agricultural and dairy concerns. It is unacceptable to reduce tariffs on genetically modified corn, soybeans, rice, and wheat grown in the US, the sources added.
One source noted that Prime Minister Narendra Modi's government does not want to appear to be surrendering farmers' interests, a significant political group in India.
India is, however, open to lowering tariffs on walnuts, cranberries, other fruits, medical devices, autos, and energy products, the source said. A US source familiar with the talks indicated that the sides are close to an agreement and have been instructed to prepare for a possible announcement.
Read more here.