The country has the right to protect
specific sectors: experts
India has the right to take measures to protect specific
sectors like agriculture as it is not a tariff king, according
to international trade experts in the country, who have rejected
the recent US allegation that India's import duties are one of
the highest. Trade Promotion Council of India Chairman Mohit
Singla said the US assertion is factually incorrect.
Experts said several developed countries and regions,
including Japan, South Korea, the European Union, and the United
States maintain extremely high tariffs, primarily on agriculture
products. Singla said that countries like Japan levy 736% duty
on certain products, while Korea imposes 807% on some goods.
US President Donald Trump has repeatedly claimed that India
is a ‘tariff king’ and imposes ‘tremendously high’ import duties
on US items. Biswajit Dhar, professor of economics at Jawaharlal
Nehru University in New Delhi, said that the US allegations are
completely unfounded. Sharing similar views, professor R M Joshi
from the Indian Institute of Foreign Trade in New Delhi said the
United States, being a developed nation, should rationalize its
The United States recently decided to withdraw incentives
being provided to Indian exporters under the generalized system
of preference (GSP) program.