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DGFT allows additional export of 3569 tonne sugar to US

05 Jun 2020 Evaluate

Directorate General of Foreign Trade (DGFT) has permitted additional export of 3,569 tonnes of raw and refined sugar to the US under the tariff-rate quota (TRQ).

TRQ is a quota for a volume of exports that enter the US at relatively low tariffs. After the quota is reached, a higher tariff applies to additional imports. With this quantity, total sugar export to the US under TRQ during US fiscal year 2020 would be 12,738 tonnes.

India, the world's second-biggest producer and the largest consumer of sugar, has a preferential quota arrangement for sugar export with the European Union as well.

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