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India’s tariffs on agriculture in line with international norms

While, India’s average most-favoured nation (MFN) rate on agricultural goods stood at nearly 37 percent in 2024, it is sharply lower than South Korea at 57 percent.

August 05, 2025 / 20:02 IST
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US President Donald Trump

India’s average tariff on agriculture is not starkly higher versus high-income countries from Switzerland to South Korea as protecting farmers’ interest is a globally accepted practice.

While, India’s average most-favoured nation (MFN) rate on agricultural goods stood at nearly 37 percent in 2024, it is sharply lower than South Korea at 57 percent.

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Other high-income nations with high tariff rates on farm goods include Switzerland at 28.5 percent, Norway at 30 percent, Iceland at almost 20 percent, Thailand at 28.3 percent and Japan at 12.2 percent, according to data from World Trade Organization.

On many dairy and farm goods, India has lower rates compared to European Union, Japan and South Korea.