India to allow Harley Davidson import (For Mangoes)

Source: Times of India

< 26 Mar, 2007 0027hrs ISTTIMES NEWS NETWORK [br />
NEW DELHI: It's going to be mangoes in return for Harley Davidson bikes. In a quid pro quo, India is going to allow the import of a specified number of the iconic motorcycles at lower duty, while US is finally going to announce the entry of Indian mangoes.

While the various Indian agencies involved are nearly ready with notifications that will allow the use of tariff rate quotas lower import duty for a specified number of bikes, the announcement on mangoes is expected during US Trade Representative Susan Schwab's visit for the India-US Trade Policy Forum (TPF) meet next month.

Though the government had linked the entry of Harley Davidson bikes, which will be required to comply with Euro III norms, with permissions to SBI and ICICI Bank to open more branches in the US, it has had to give up on its demand. Even the decision on mangoes is over a year old and is finally fructifying now.

Besides, officials said, the delay by the US has meant that Indian mangoes may not be able to reach American shores since the season is weeks away and exporters are yet to tie up with US stores.



Read more: http://timesofindia.indiatimes.com/NEWS/India_Business/India_to_allow_Harley_Davidson_import/articleshow/1807216.cms

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First, nukes for mangoes. Now, Harleys for mangoes....

I wish I had been able to pay for my bike with something I grew.

It's rare that you encounter such win-win dealmaking.

Year from now, Commerce students in a University will be thinking.... :wtf: