Currently, imported apples attract a 50 per cent duty with an MIP of Rs 50, preventing imports below Rs 75 per kg.

Rs 100 Floor Price: Piyush Goyal Assures Apple Farmers of Full Protection in New US Trade Deal

Union Commerce and Industry Minister Piyush Goyal announced on Saturday that India has granted quota-based duty concessions to the US on apples under a proposed interim trade pact. The agreement, expected to be signed by mid-March, imposes a Minimum Import Price (MIP) of Rs 80 per kg and an import duty of 25 per cent on US apples. This effectively bars the import of any US apples priced below Rs 100 per kg.

Currently, imported apples attract a 50 per cent duty with an MIP of Rs 50, preventing imports below Rs 75 per kg. Reassuring domestic growers, Goyal said that Indian farmers remain fully protected. He clarified that several Indian agricultural products, including specific fruits, vegetables, tea, and coffee, will attract zero reciprocal tariffs in the US. Notably, India has not granted duty concessions on dairy products, sugar, or millets.

The Minister emphasized that the pact will not harm the interests of farmers, MSMEs, or the handicraft sector. While India granted concessions in sectors like alcoholic beverages, cosmetics, and medical devices, it secured zero reciprocal tariffs for auto and aircraft parts in the US. 

India currently imports around six lakh tonnes of apples annually. Goyal maintained that the calibrated duty structure ensures that domestic livelihoods are not compromised by the new trade arrangements.

Source: The Tribune