India: Success Story - India Cuts Retaliatory Tariffs on US Almonds-Apples-Walnuts-Chickpeas-Lentils

  |   Attaché Report (GAIN)   |   IN2023-0066

On September 5, 2023, and just in time for the G20 New Delhi Leaders’ Summit, India’s Ministry of Finance issued Notification No. 53/2023 (Customs), officially notifying the lifting of retaliatory tariffs imposed in 2019 on U.S.-origin almonds, apples, chickpeas, lentils, and walnuts effective September 6, 2023. India's retaliatory tariff cuts will restore and expand market opportunities for U.S. agricultural producers and manufacturers. FAS New Delhi estimates that U.S. almond exports to India could reach $1 billion in 2024. U.S. apple exports, which were most affected by the retaliatory tariffs, have the potential to climb from $4.8 million in 2022 to $50-$80 million in 2024. In 2024, U.S. exports of walnuts may increase to a record $70 million; lentils can double to reach $15 million; and chickpeas are likely to climb to $5 million.

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