India has agreed on a quota-based duty concession for apples from the United States as part of the interim India-US trade agreement, but the government has taken steps to ensure that domestic farmers remain protected. Commerce Minister Piyush Goyal told a business conclave that imports won’t undercut local producers because a minimum import price has been set for US apples, ensuring they arrive in India at no less than Rs 75–80 per kilogram — a level meant to prevent cheaper foreign fruit from flooding the domestic market while enabling controlled trade between the two economies. What the Minimum Import Price Means for Apple Imports Under the proposed interim trade pact between India and the United States, India has agreed to offer duty relief on certain products, including apples, but with strong safeguards in place: A minimum import price (MIP) for apples has been fixed to prevent extremely low-priced imports from undercutting Indian growers. Import duties remain significant, and only limited quotas will be allowed under the concession framework. This effectively means that apples imported from the US will not be allowed to enter the Indian market below the set price threshold, giving domestic growers room to compete. According to the… Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups
