India-Australia Trade Deal May Pose Challenges for US Exporters, USDA Says
The recently signed trade deal involving Australia and India (see 2204040028) could “pose” challenges for U.S trade, including the prospects of American food and agricultural products in the Indian market, USDA's Foreign Agricultural Service said in a May 4 report.…
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The agency said the deal may negatively affect Indian imports of U.S. wines, spirits, cotton, pulses, beans, forest products and tree nuts, products that will benefit from tariff reductions with Australia. Exporters also should monitor India’s efforts to sign trade deals with a host of other countries, USDA said, including with the U.K., Canada and Israel.