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India allows additional 2,051 MT raw sugar exports to US under tariff-rate quota


TRQ is a quota for a quantity of exports that enter the US at comparatively low tariffs.

PTI

Could 09, 2022 / 05:22 PM IST

The federal government has permitted further export of two,051 metric tonne of uncooked sugar below the tariff-rate quota (TRQ) to America for the US fiscal yr ending September 30, 2022, in accordance with DGFT.

TRQ is a quota for a quantity of exports that enter the US at comparatively low tariffs.

After the quota is reached, the next tariff applies to further imports.

“Further amount of two,051 MT of uncooked sugar, for export to the US, below TRQ as much as September 30, 2022, has been notified,” Directorate Basic of Overseas Commerce (DGFT) has stated in a public discover.

It added that with this amount, complete sugar export to the US below TRQ throughout US fiscal yr 2022 can be 10,475 MT.

India, the world’s second-biggest producer and the most important shopper of sugar, has a preferential quota association for sugar export with the European Union as effectively.

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