Us: India did not compromise with farmers’ interests in the trade agreement with America, officials told the inside story – India Us Trade Deal Government Officials Said Agriculture Sensitivities Fully Protected
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India’s agriculture sector will benefit from the India-US trade agreement and exports from the agriculture sector will increase, which will benefit the farmers of the country. Officials said that the agriculture sector has been given full protection in the trade agreement.
India US Trade Agreement (Symbolic) – Photo: Adobe Stock
Expansion
In the trade agreement with America, India’s agricultural sensitivity has been taken full care of and farming has been given protection. A senior government official has given this information. Under the trade agreement, import duty on Indian products has been reduced to 18 percent. However, detailed information regarding the trade agreement is yet to be revealed.
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Speculations raised after the statement of the US Agriculture Minister
This statement of the officials has come at a time when there are discussions that India has given some concessions to America in its agricultural sector for exemption in tariffs.
These discussions got more strength from the statement of America’s Agriculture Minister Brook Rollins. In fact, Brook Rollins has said that the trade agreement will boost the export of American agricultural products to the Indian market.
He said that America’s agricultural trade deficit with India in the year 2024 was $1.3 billion. Now the trade agreement will reduce this and America’s farmers will benefit from it.
Indian officials told that India will get big benefit
Indian officials say that in the trade agreement, the government has ensured protection to sensitive agricultural products and only non-sensitive products have been allowed to enter the Indian market.
India exports agricultural products worth about $34 billion to America every year. Whereas India buys only $2.1 billion worth of agricultural products from America.
An official said that India’s agricultural exports will get further strength under the trade agreement.
India’s textile and apparel industry will also get big benefits under the trade agreement. These sectors export goods worth about 10 billion dollars to America every year and now after the tariff is reduced to 18 percent, these sectors will get big benefits.
Besides, sectors like leather, shoes, aquatic products, chemicals, plastics, rubber, home decor, carpets, machinery will also benefit. These sectors are labor intensive and will provide employment to a large number of people.
