Brazil seeks tariff-free quota to export cotton to India
Brazil seeks tariff-free quota to export cotton to India

Brazil seeks tariff-free quota to export cotton to India

A- A+
Το περιεχόμενο του άρθρου δεν είναι διαθέσιμο στη γλώσσα που έχετε επιλέξει και ως εκ τούτου το εμφανίζουμε στην αυθεντική του εκδοχή. Μπορείτε να χρησιμοποιήσετε την υπηρεσία Google Translate για να το μεταφράσετε.

Nov 1 (Reuters) - Brazil is negotiating with India a request for tariff-free quota of 100,000 metric tons for exports of Brazilian cotton to the Asian nation, according to a statement from the Brazilian cotton farmers association (Abrapa) on Wednesday.

The association said in the note that a team of government officials and Brazilian cotton farmers is visiting India this week, seeking to seal a deal to have that quota implemented.

Currently, any cotton exports to India pay an import tax of 11%, the association said.

A deal would be a boost to an expanding cotton industry in the South American country, which is expected to surpass the U.S. this year as the world’s No. 1 cotton exporter, according to the U.S. Department of Agriculture.

“We believe that a larger amount of Brazilian cotton in India would be complementary to their production, particularly this year when their crop is expected to fall from 7% to 10%,” said Abrapa head Celestino Zanella.

Reporting by Marcelo Teixeira in New York Editing by Marguerita Choy

Πηγή: Reuters

Tags

newsletter

Εγγραφείτε στο καθημερινό μας newsletter