Since the two countries have begun negotiations for bilateral trade contract, sources said that the importation of maize and soybean from the United States is one of the main demands of India, but no concession will be waited until the government makes policy decisions on the allowing of genetically revised (GM) crops.
However, sources said that India could offer concessionary fees at PTA to import some agricultural products such as Apple, Cherry, Beckon nuts, whiskey, India and the United States.
The US and China have an impediment
On the other hand, experts have said that China can find alternative sources for its maize and soybean needs, rather than the tariff between the US and China, but if China goes to other countries due to high fees, it is difficult to sell these two crops in the market.
7.14 million tonnes of maize import
According to ITC trade data, China imported 7.14 million tonnes of maize from the United States by 2023, 26 percent of its total maize imports. Similarly, China’s soybean imports from the United States are 26.6 million tonnes, which is 27 percent of its total soybean imports over 100 metric tonnes. On the other hand, China has 16 percent of its total grain exports from the United States, which is estimated to be 46 metric, which states that if the GM problem is resolved, it can be found in alternative markets like India. However, the export of the United States to the United States by 2023 will be a major concern for the issue of soybean exports to 55 percent of the total soybean exports.
Recommends to wait for PTA
Meanwhile, the government has asked the government to wait for agricultural exporters for the PTA, and that there is no chance of no major change, the US has temporarily withdrawn the decision to impose controversial recipes against China for 90 days, as it has created global growth, which may have a distant effect.
Import permit from India
An official source said, “After the US imposed the first fee for the first time, the price of agricultural commodities has not had a significant impact on the price of agricultural commodities worldwide. However, before its announcement, India began to discuss the PTA before its announcement and it is expected to reach it before September. He said that the US has already shared a list of products that India wants to allow free imports as most Indian agricultural commodities are not taxed.
He refused to share the list of goods and that these are the most important issues and that they should not be released until they are finalized.
However, commercial sources said that there is pressure to open the importation of maize and soybean and the government will take a decision on the interests of India. Sources said that the government should recommend some processing plants on the import of GM-soapin so that the crop is not polluted with other products in India, as the GM-plant has been allowed for the past several years.
(Tagstotranslate) maize
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