Business Mantra News
The Australian Government has asked India to allow a conversion time for newly introduced tariffs on imported pulses to avoid any trouble to prevailing contracts and cargos in passage.
Request has come from Australian Government after India introduced a 30 per cent tariff on chickpea and red lentil imports in view to support local farmers.
Earlier India had put a 50 percent tariff on import of peas.
Australian Trade Minister Steven Ciobo has asked to Indian Trade Minister for a period of transition for the tariffs on Chickpeas and red lentil.
It is noted that Australian farmers are disappointed due to impose of hefty tariff of 30 % by Indian Government because their Crops production might fall down this year due to adverse weather.
India provides fifth largest market to Australian export including export of 1.2 billion of two pulses i.e. Chickpeas and Red Lentils.