During a session with lawmakers on President Biden’s 2024 Trade Policy Agenda, US Trade Representative Katherine Tai highlighted India’s significant steps in opening up its market, resulting in tangible benefits for American farmers. Tai emphasized that after resolving half a dozen WTO disputes last year, India has provided increased market access for various US products.
Key Developments:
Tai informed members of the House Committee on Ways and Means that last June, India and the United States concluded six WTO disputes, leading to the removal of retaliatory tariffs on several US products. This action has resulted in improved access for items such as chickpeas, lentils, almonds, walnuts, and apples, benefiting farmers across the nation, including those in Michigan, Oregon, and Washington.
Further Enhancements:
In September, India and the United States successfully resolved their final outstanding WTO dispute, with India agreeing to reduce tariffs on additional US products. This move has led to expanded market access for turkey, duck, blueberries, and cranberries, benefiting farmers in North Carolina, Pennsylvania, Virginia, and Wisconsin.
Positive Implications:
The Biden administration views these developments as a significant win for American farmers, as they gain access to previously restricted markets in India. These initiatives foster stronger trade relations between the two countries and contribute to the overall growth and prosperity of the agricultural sector in the United States.
