•   
  •   

Money Indian farm product tariffs curbing Australian exports- minister

01:27  02 august  2018
01:27  02 august  2018 Source:   reuters.com

IMF warns G20 economic leaders that tariffs hurting global economy

  IMF warns G20 economic leaders that tariffs hurting global economy The International Monetary Fund (IMF) warned world economic leaders on Saturday that a recent wave of trade tariffs would significantly harm global growth, a day after U.S. President Donald Trump threatened a major escalation in a dispute with China.IMF Managing Director Christine Lagarde said she would present the G20 finance ministers and central bank governors meeting in Buenos Aires with a report detailing the impacts of the restrictions already announced on global trade.

Australia 's exports of farm products to India have taken a hit because of new tariffs and free trade negotiations between the two countries have stalled, trade minister Steven Ciobo said on Australia exported A.3 billion (4 million) of agricultural goods to China in 2015/16, according to the latest

" Australian farm exporters to India have been whacked with a range of new trade distortions over the past year," Ciobo told a grains industry conference in The following export product groups represent the highest dollar value in Australian global shipments during 2017. Also shown is the percentage

a man holding a glass of wine: FILE PHOTO: Australia's Trade Minister Steven Ciobo speaks with media after TPP talks during APEC Summit in Danang© REUTERS/Kham FILE PHOTO: Australia's Trade Minister Steven Ciobo speaks with media after TPP talks during APEC Summit in Danang Australia's exports of farm products to India have taken a hit because of new tariffs and free trade negotiations between the two countries have stalled, trade minister Steven Ciobo said on Wednesday.

"Australian farm exporters to India have been whacked with a range of new trade distortions over the past year," Ciobo told a grains industry conference in Melbourne.

"This has included higher tariffs on chickpeas, wheat and lentils, quantitative restrictions on mung beans and yellow peas and what we consider export subsidies on sugar."

Trade wars: Australia could get badly hurt if giants collide

  Trade wars: Australia could get badly hurt if giants collide The Australian dollar will be a good barometer of the intensity of the hostilities.

" Australian farm exporters to India have been whacked with a range of new trade distortions over the past year," Ciobo told a grains Australia exported A.3 billion (4 million) of agricultural goods to China in 2015/16, according to the latest figures from the Department of Foreign Affairs and Trade.

Melbourne: Australia 's exports of farm products to India have taken a hit because of new tariffs and free trade negotiations between the two countries have stalled, trade minister Steven Ciobo said on Wednesday. " Australian farm exporters to India have been whacked with a range of new trade

Pulses imports to India, the world's biggest buyer, may fall to their lowest in nearly two decades after the government raised import taxes and restricted overseas purchases to bolster prices, affecting the plans of its global suppliers.

Australia exported A$1.3 billion ($964 million) of agricultural goods to China in 2015/16, according to the latest figures from the Department of Foreign Affairs and Trade.

The reduction in imports illustrates New Delhi's steps to raise the prices of pulses, like peas and lentils, as it looks to reduce payouts to farmers under a food subsidy scheme.

Farmers in Canada, Australia and Russia that rely on Indian demand are expected to intensify their cutbacks in pulses cultivation, while seeking other markets.

'We had no money and couldn't go on': Shannon Noll opens up on how his family lost everything in two droughts – but claims farmers have it worse today

  'We had no money and couldn't go on': Shannon Noll opens up on how his family lost everything in two droughts – but claims farmers have it worse today Singer-songwriter Shannon Noll has opened up about how his family lost everything in the second of two droughts after his father died in an accident on their New South Wales farm in 2001.Already in debt, and rocked by the death of Noll's father in a farming accident in Condobolin, New South Wales, the second of two droughts ruined the family.

India lacks an overarching government procurement policy and, as a result, its government procurement practices and procedures vary among the states, between the states and the central India ’s export duties impact international markets for raw materials used in steel production .

India - Import TariffsIndia - Import Tariffs . Includes information on average tariff rates and types that U.S. firms should be aware of when exporting to the Given this large disparity between bound and applied rates, U.S. exporters face tremendous uncertainty because India has considerable flexibility

  Indian farm product tariffs curbing Australian exports- minister © AAP/Sean Davey Ciobo said Australia is keen for a bilateral Free Trade Agreement or Comprehensive Economic Cooperation Agreement with India.

"Unfortunately, those negotiations have been stalled because our positions have been too far apart. In the interim, the government has been looking at ways beyond free trade agreements to expand our bilateral economic relationship."

Regarding the U.S.-China trade war, Ciobo he was seeking more details from the United States about a package it has given to soybean farmers.

"I also wanted to refer to the U.S. announcement of a new package of up to $12 billion in assistance for U.S. farmers," he said.

"We are seeking more details from the US about the assistance package in order to assess possible impacts on Australian farmers and commodity exports."

China has imposed retaliatory tariffs on U.S. soybeans amid an escalating trade war between the world's biggest economies.

The world's biggest importer of soybeans, China is seeking alternative origins for the oilseed including Brazil.

India lawmaker dresses as Hitler to criticize prime minister .
An Indian lawmaker has appeared in Parliament dressed like Adolf Hitler with a toothbrush moustache and wearing a khaki coat with swastika symbols on his pocket and arm. An Indian lawmaker has appeared in Parliament dressed like Adolf Hitler with a toothbrush moustache and wearing a khaki coat with swastika symbols on his pocket and arm. His demand: More funds for the development of his state in southern India.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!