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“The amount of 8,606 MTRV uncooked cane sugar to be exported to USA beneath TRQ scheme from 01.10.2023 to 30.09.2024 has been notified,” the Directorate Normal of Overseas Commerce (DGFT) mentioned in a public discover.
India, the world’s second-biggest producer and the most important client of sugar, has a preferential quota association for sugar export with the European Union as effectively. The DGFT mentioned that the quota will probably be operated by Agriculture and Processed Meals Merchandise Export Growth Authority (APEDA).
In July 2023, the Workplace of the U.S. Commerce Consultant (USTR) had introduced the country-specific (together with from India) and first-come, first-served in-quota allocations of the TRQs on imported uncooked cane sugar, refined and specialty sugar, and sugar-containing merchandise for Fiscal Yr 2024 (October 1, 2023, by way of September 30, 2024).
TRQs permit international locations to export specified portions of a product to the USA at a comparatively low tariff, however topic all imports of the product above a pre-determined threshold to a better tariff.
