Mapping Possibility of Cost Effective Sourcing of Cinnamon in India

Volume 13 Issue 1 June - August 2018

Research Paper

Mapping Possibility of Cost Effective Sourcing of Cinnamon in India

Ram Singh *, Hemant Kumar Singh **

* Associate Professor, Indian Institute of Foreign Trade, New Delhi, India.

** Research Scholar, Indian Institute of Foreign Trade, New Delhi, India,.

Singh, R., and Singh, H.K. (2018). Mapping Possibility of Cost Effective Sourcing of Cinnamon in India. i-manager’s Journal on Management, 13(1), 44-54. https://doi.org/10.26634/jmgt.13.1.14360

Abstract

Cinnamon is one of the most powerful spices on earth and scientist has ranked it as wonder spice for its medicinal values and properties. Key producers are Indonesia, China, Vietnam, and Sri Lanka and key importers are Mexico, USA, India, and Bangladesh. India is a net-importer of Cinnamon from countries, such as Indonesia, Vietnam, and Sri Lanka as domestic supplies are too small to meet the growing demands of domestic consumption and export demand of value added spices, wherein cinnamon is mixed with other spices. This paper aims to understand the existing import regime of cinnamon in India including tariff and non-tariff issues, duty preference regime under various negotiated Free Trade Agreement, issues of certificate of origin, compliance costs, and cost-effective suppliers.