AreaIndia
Commodity GroupOilseeds, oils and meals
CommodityPalm oil
Date01/01/2019
Policy CategoryTrade
Policy InstrumentTrade agreement
DescriptionReduced 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.
NotesThe 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.
