“Underscoring the close bilateral economic and trade relationship, the United States and India will terminate six WTO disputes; India will remove retaliatory tariffs on select U.S. products”
Washington - On Thursday, June 22, United States Trade Representative Katherine Tai announced the United States and the Republic of India have agreed to terminate six outstanding disputes at the World Trade Organization. Furthermore, India agreed to remove retaliatory tariffs on certain U.S. ag products, including chickpeas, lentils, almonds, walnuts, and apples, marking a big win for Montana Agriculture.
“These tariff cuts will restore and expand market opportunities for U.S. agricultural producers and manufacturers.
Montana is currently the number one ranking state in both chickpea and lentil production in the United States. In 2022, Montana produced just over 65% of the nation’s lentils (USDA-NASS). With the export value of U.S. pulses in 2021 reaching $389 million and the current estimate being 120% more due to higher production, this removal of retaliatory tariffs marks a large opportunity for Montana agriculture and its producers.
“Prime Minister Modi’s visit has underscored the importance of the U.S.-India bilateral relationship and our cooperation on a range of shared priorities. This agreement represents the culmination of intensified bilateral engagement over the last two years, including through the U.S.-India Trade Policy Forum, to deepen our economic and trade ties,” said Ambassador Katherine Tai. “As a result of our work, U.S. agricultural producers and manufacturers will now enjoy renewed access to a critical global market and we will strengthen our trade relationship with one of our closest partners.”
The Montana Department of Agriculture is serving Montana Agriculture and growing prosperity under the Big Sky. For more information on department programs and services, visit agr.mt.gov.
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