Removal of Additional Tarif on US products will Impacts Local Economy

  • 14-Sep-2023
  • Removal of Additional Tarif on US products will Impacts Local Economy

Export Import Data

The removal of the additional price, according to apple producers, would have a negative effect on the regional economy in Uttarakhand, Himachal Pradesh, and J&K. The local apple sector, already under financial strain as a result of Covid-19 lockdowns and lower crop productivity, will suffer enormous losses as a result.

The local growers in J&K, who are already dealing with enormous losses after 2019, would suffer terrible consequences as a result of the Indian government's decision to eliminate further tariffs on apples, walnuts, and almonds. Mehbooba Mufti, a former J&K chief minister, expressed her hope that the PMO would think again.

On September 5, the Ministry of Finance announced the elimination of additional charges on American goods such as chickpeas, lentils, apples, walnuts in shells, and fresh or dried almonds.

The farmers are calling on the government to reconsider its decision to remove tariffs on American apples. They argue that this decision will have a devastating impact on the local economy and on the livelihoods of thousands of people.

The government has defended its decision, saying that it is part of a broader effort to improve trade relations with the United States. The government has also said that it is committed to supporting the local apple industry and that it will continue to provide financial assistance to farmers.

The government will need to closely monitor the situation and take steps to mitigate any negative impacts on the local apple industry.

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