Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/01/2019
Policy Category
Trade
Policy Instrument
Trade agreement
Description
Reduced import duties on Malaysian crude and refined palm oil to, respectively, 40 percent and 45 percent, in line with the Comprehensive Economic Cooperation Agreement signed between India and Malaysia in 2011.
Notes
The Comprehensive Economic Cooperation Agreement signed between the two countries in 2011 provides for a cut, from 1 January 2019, in Indias import duties on Malaysian palm oil. The new preferential tariff rates for crude and refined palm oil will be, respectively, 40 percent and 45 percent. For comparison, Indias current MFN rates for crude and refined palm oil stand at 44 and 54 percent.
