December 12, 2009 12:59 PM

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Give more access to our agricultural products: US Senators to India

Two US Senators have asked India to give more market access to US agricultural products after a report alleged that Indian tariff and non-tariff measures are impeding farm exports to the country. Senate Finance Committee Chairman Max Baucus and ranking member Chuck Grassley asked the Obama administration to step up efforts to remove these barriers through vigorous trade negotiations and increased trade facilitation. The report prepared at the request of the Senate Finance Committee says US farmers and food makers are losing millions of dollars each year because of India's tariffs and non-tariff measures. The report, India: Effects of Tariffs and Non-Tariff Measures on US Agricultural Exports, released yesterday notes that US agriculture exports to India are minimal, with India receiving less than 0.5 per cent of US agricultural exports in 2008, despite the country's growing middle class and 1.2 billion potential consumers of American products. The report said, Indian tariff rates on agricultural products, averaging 114 per cent, are among the highest in the world.

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