No steps taken in India-US trade deal that harm farmers: Goyal
In a significant development, Commerce Minister Piyush Goyal has reassured the nation that the India-US trade deal has been negotiated with the utmost care to protect the interests of Indian farmers. The Minister’s statement comes as a relief to the agricultural community, which has been skeptical about the implications of the trade agreement on their livelihoods. Goyal emphasized that the deal does not harm the interests of Indian farmers, but rather provides them with new opportunities to export their products to the US at zero duty.
The India-US trade deal has been in the works for several months, with both countries engaging in intense negotiations to iron out their differences. The agreement is expected to boost bilateral trade between the two nations, which has been growing steadily over the years. However, there were concerns that the deal might compromise the interests of Indian farmers, who are already struggling to make ends meet due to various factors such as climate change, soil degradation, and market fluctuations.
Goyal’s statement has put to rest these concerns, as he categorically stated that the Indian government has taken no measures that harm the interests of the country’s farmers. On the contrary, he said that many agricultural products from Indian farmers will be exported to the US at zero duty, which will provide a significant boost to their incomes. This is a welcome move, as it will help Indian farmers to compete with their global counterparts and increase their market share in the international market.
The Minister also took a swipe at those who have been opposing the deal, saying that some people in India “who’re against the interests of the farmers” are surprised by the agreement. This statement is likely aimed at opposition parties and certain sections of the civil society, which have been critical of the government’s approach to the trade deal. Goyal’s remark suggests that these critics are motivated by vested interests and are not genuinely concerned about the welfare of Indian farmers.
The India-US trade deal is a complex agreement that covers a wide range of areas, including agriculture, pharmaceuticals, and technology. While the details of the agreement are still not publicly available, it is clear that the Indian government has worked hard to ensure that the interests of its farmers are protected. The fact that many agricultural products will be exported to the US at zero duty is a significant concession, which will benefit Indian farmers in a big way.
The US is one of the largest markets for Indian agricultural products, and the trade deal is expected to increase exports of items such as Basmati rice, spices, and tea. Indian farmers have been seeking greater access to the US market for several years, and the trade deal provides them with a unique opportunity to increase their exports and earn higher incomes. The deal is also expected to create new jobs in the agricultural sector, both in farming and in related areas such as processing and packaging.
Goyal’s statement has been welcomed by farmers’ organizations and industry bodies, which have been advocating for a trade deal that protects the interests of Indian farmers. The Minister’s reassurance has come as a relief to these groups, which were worried that the deal might compromise the livelihoods of millions of farmers who depend on agriculture for their survival.
In conclusion, the India-US trade deal is a significant development that has the potential to boost bilateral trade between the two nations. The agreement has been negotiated with care to protect the interests of Indian farmers, who will benefit from the export of their products to the US at zero duty. While there may be some critics who are opposed to the deal, it is clear that the Indian government has worked hard to ensure that the interests of its farmers are protected. As the deal is implemented, it is likely to have a positive impact on the Indian economy, particularly in the agricultural sector.
Source: https://x.com/ANI/status/2020058239543701827
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