Effects of tariff and non‐tariff barriers on India‐US agricultural trade

Author:

Choi Yejun1,Acharya Ram N.2,Devadoss Stephen1,Regmi Madhav2

Affiliation:

1. Department of Agricultural and Applied Economics Texas Tech University Lubbock Texas USA

2. Department of Agricultural Economics and Agricultural Business New Mexico State University Las Cruces New Mexico USA

Abstract

AbstractIndia has a growing demand for high‐value agricultural products due to rising incomes, urbanization, and consumer preferences. The United States is currently India's fifth‐largest supplier of agricultural products. However, trade barriers restrict bilateral trade between these two nations, and both countries are evaluating the prospects for lowering trade restrictions and enhancing bilateral trade. We employ a gravity model to analyze the effects of trade policies on India‐US bilateral trade and the potential implications for global agricultural trade. The results indicate that elimination of tariffs significantly boosts US exports to India and lowers Indian domestic prices, particularly for tree nuts, fresh fruit, and distilled spirits.

Funder

National Institute of Food and Agriculture

Publisher

Wiley

Reference37 articles.

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