Chilean blueberries will enter India with reduced tariffs

Published 2024년 3월 4일

Tridge summary

The Indian Ministry of Finance has slashed tariffs on Chilean blueberries from 30% to 10% effective from February 20, 2024. Additionally, canned or prepared cranberries will now attract a standard tariff rate of 5%, while similarly packaged blueberries will be subject to a 10% tariff. This move is anticipated to stimulate Chilean blueberry exports to India, which is predicted to emerge as the world's third-largest economy by 2030. Despite existing logistical challenges, the tariff reduction is also expected to facilitate a broader diversification of Chilean blueberry export destinations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Chilean blueberry producers and exporters received positive news after the Indian Ministry of Finance notified (No. 10/2024) the reduction of tariffs for blueberries as of February 20, 2024. According to this, the standard tariff rate on fresh, frozen and dried blueberries and cranberries is reduced to 10% from the previous tariff of 30%. Canned or prepared cranberries will now have a standard tariff rate of 5%, while similarly packaged blueberries will have a 10% tariff. "We believe that this is very good news for our blueberry exports to India, since the Indian market has a special importance for Chilean exports. Many of our products already enter this market, but promoting greater volumes involved improving the entry conditions such as high tariffs, as well as logistics. We believe that this lower tariff for our blueberries makes us think about greater opportunities in India, a market that is expected to become the third largest by 2030. economy of the world," said Iván ...

Source: Portaldelcampo