Trade restrictions in India are a major obstacle for U.S. agricultural exports to the world's second most-populous country, according to an investigation by the International Trade Commission.
Tariffs have reduced U.S. agricultural exports to India by roughly $200 million to $300 million per year, denting recent farm exports to that country by roughly 40 to 60 percent, according to the report.
Non-tariff trade barriers decreased exports of several U.S. agricultural goods by another $170 million to $370 million, the agency found.
India's restrictions on U.S. farm products are some of the highest in the world, with tariffs permitted to rise as high as 150 percent.
The country's government imposes harsh duties on agricultural goods because it wants to maintain India's strong self-sufficiency in food production, according to ITC.
India's government also wants to support domestic farmers, since agriculture comprises about 60 percent of the nation's employment, the report said.
-- Mateusz Perkowski