Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/05/2020
Policy Category
Trade
Policy Instrument
Import policy
Description
Suspended a number of palm oil import licenses with a view to protecting the countrys vegetable oil refining industry from sharply rising imports of refined palm oil.
Notes
INDIA import policy: In a bid to protect the domestic refining industry from surging imports of refined palm oil, in May, Indias Department of Commerce suspended a number of import licences. The affected permits related to imports from neighbouring countries such as Nepal and Bangladesh, which do not produce palm oil but enjoy duty-free access to India based on the South Asian Free Trade Agreement. (See also MPPU Aug.18)
