India permits 1,239 tonnes raw sugar export to US

The government has permitted the export of 1,239 tonnes raw sugar under its tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff.  TRQ is a quota for a volume of exports that enter the US at relatively low tariffs. After the quota is reached, a higher tariff applies on additional imports.  Directorate General of Foreign Trade in a public notice said that additional quantity of 1,239 tonnes of raw cane sugar to be exported to US under TRQ up to September 30, 2...