High Indian Tariffs Impede US Market Growth: ITC

Law360, New York (December 14, 2009, 6:41 PM EST) -- High tariffs and tough nontariff measures cause American farmers and food manufacturers to suffer hundreds of millions of dollars a year in lost sales to India, according to a newly released report.

Indian tariffs reduced U.S. agricultural exports by as much as $291 million in 2007 and Indian nontariff measures restricted U.S. exports of wheat by more than $146 million in 2007, the U.S. International Trade Commission estimated in a report released Friday.

Without the tariffs, U.S. exports could have been 61 percent higher, the report...
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