A big news is coming out regarding the recent interim trade agreement between India and America. Where an important information about this trade agreement between the two countries has now been changed. Some pulses were included in the fact sheet released earlier, but now they have been removed from the list. A statement regarding this matter was issued by the White House. This means that the change in import duty of US pulses on India is not yet clear.
Let us tell you that in the first fact sheet released by the White House, it was said that India will reduce or remove import duties on all American industrial goods and some food and agricultural products. These specifically included dry grains, red sorghum, tree nuts, fruits and nuts, some pulses, soybean oil, liquor and wine.
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Now understand what changed?
In such a situation, the White House has now revised its first fact sheet. Now the pulses included in it have been removed. That is, now it is not clear whether India will reduce any duty on American pulses or not.
Understand the whole matter like this
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India and America agreed to an interim agreement.
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America wants India to impose less tax on its goods, so that American products can be easily sold in India.
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Initially the White House had said that pulses were also included.
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Now this has changed, the mention of pulses has been removed from the fact sheet.
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India imports a lot of pulses from America.
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If India does not reduce taxes, export of pulses to America may remain expensive.
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