AreaIndia

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date01/05/2020

Policy CategoryTrade

Policy InstrumentImport policy

DescriptionSuspended a number of palm oil import licenses with a view to protecting the country’s vegetable oil refining industry from sharply rising imports of refined palm oil.

NotesINDIA – import policy: In a bid to protect the domestic refining industry from surging imports of refined palm oil, in May, India’s 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)