NEW INDIA TRADE TARIFFS DO NOT IMPACT PECANS
On June 16, 2017, India
government officials announced an increase in taxes on US products on several
existing commodities. For nuts, it was announced that the surcharge
duties will be set at 120%. However, pecans are excluded from the
increased duty. Almonds and walnuts are the only nuts listed in the
increase for duties. The effective duties go into effect June 16, 2019.The American Pecan Council (APC) identified India as a potential top five market to target. Currently, the APC is submitting an emerging market proposal (EMP) to try and obtain dollars to study the market and begin establishing a pecan market in the country. The current tariff on pecans shipped to India is 36%. APC will continue to monitor and communicate with industry as data becomes available.
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