The WTO just completed its trade policy review of India and it affirmed what is already known by that nation’s trading partners…India continues to rely on tariffs, minimum import prices, import restrictions, and licensing… with frequent changes that create uncertainties for traders. India is also the WTO’s most active user of antidumping measures. The government is expected to announce this week additional tariff increases with the goal of promoting self-sufficiency.  Even when India “cuts” tariffs it creates other import prohibitive policies. New Delhi announced that the duty on crude palm oil imports would be cut by 12.5 percent to 15 percent, and the duty on soyoil and sunoil imports would be d...

TAGS – Soy & Oilseeds, India, Macroeconomics