- The Indian Government has permitted 1,239 tonnes of Raw Sugar export under its tariff-rate quota to the USA, which enables shipments to enjoy relatively low tariff.
- A Tariff-Rate Quota (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 (DGFT) in a public notice said that additional quantity of 1,239 tonnes of Raw Cane Sugar to be exported to USA under TRQ up to 30th September 2019 has been notified.
- The country enjoys duty-free sugar exports to the US for up to 10,000 tonnes annually under preferential quota arrangement.
Published On : 19 Jul 2019
Current Affair
