Farmers protest against
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
2010 Commonwealth Games ~ 2010 Nobel Prizes ~ Sachin Tendulkar ~ Rajasthan Royals ~ Kings XI Punjab ~ Sushil Kumar ~ Deepika Kumari ~ Somdev Devvarman ~ HR Bhardwaj
Home / India News / 2007 / May 2007 / May 16, 2007
Farmers protest against lowering of import duties
RSS / Print / Comments

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Manmohan Singh to campaign in Bihar today

FBI failed to act on Headley's wife's terror link expose 3 yrs before Mumbai attacks

Craven's horror flicks 'were inspired by real stories'

RBI will intervene if inflows turn lumpy: Subbarao

Enforcement Directorate issues 'Look Out Circular' against Lalit Modi

Now, laser technology that destroys tumours using heat

Waist size, not BMI can foretell cardiovascular risk in children

Farmers protest against lowering of import duties

Farmers on Wednesday took out a march to the Parliament against lowering of import duties on farm produces to augment free trade agreements.

New Delhi, May 16 : Farmers on Wednesday took out a march to the Parliament against lowering of import duties on farm produces to augment free trade agreements.

Farmers' holding coconuts, arecanuts, vanilla plants and rubber sheets said lowering of duty on import of cash crops would hit them badly.

"We want to urge the government to change the import-export policy in such a way that the import duty on spices and other agricultural produces are hiked. In fact there is a move to reduce them at the time of Free Trade Agreements... This should not occur. We want this to be discussed with the farmers we have this to be discussed in the Parliament and also the legislature," said, P.C. Thomas, M.P. from Kerala.

The Centre is mulling over reduction of import duties on several farm produces, including natural rubber, as part of negotiations for free trade agreement with several ASEAN member-nations.

The rubber growers in Kerala are worried, if customs duty were lowered on natural rubber to boost two-way trade with countries like Thailand, it would lead to a surge in imports, and slide in demand for domestic produce.

India is world's fourth largest producer of natural rubber with output touching 853,000 tonnes in the last fiscal year, up by 6.3 percent from 802,625 tonnes in the previous year, according to the state-run Rubber Board.

Tyre makers said they planned to import some natural rubber this financial year to ensure adequate supplies and keep a check on domestic prices.

Domestic consumption, mainly by tyre makers, was 820,000 tonnes in 2005/06, about 2.4 percent higher than a year earlier, it said.

ANI

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us