World Perspectives

Stocking; Salty and Sweet

India claims to need a food security reserve for hungry citizens, but it exports five times more food to the U.S. than it imports from America. Stocktaking in India U.S. Trade Representative Michael Froman was in India for the U.S.-India Trade Policy Forum, but no one is expecting much success in trying to better open the Indian market. Indeed, the U.S. business advocacy group Alliance for Fair Trade with India characterized the risk of the bilateral meeting as being mere stocktaking.U.S. agricultural exports to India have doubled over the past five years, although that is largely due to one product category, tree nuts. Bulk commodities have not budged and are unlikely to, given the recent U.S. acquiescence to New Delhi's stockpiling of "...

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