No steps taken in India-US trade deal that harm farmers: Goyal
The much-anticipated trade deal between India and the United States has been a topic of discussion for quite some time now. With both countries trying to iron out their differences and come to a mutually beneficial agreement, the negotiations have been ongoing for several months. Recently, Commerce Minister Piyush Goyal addressed concerns that the deal might harm the interests of Indian farmers, stating that no such measures have been taken.
According to Goyal, the trade deal between India and the US has been crafted in a way that benefits Indian farmers, rather than harming them. In fact, he revealed that many agricultural products from Indian farmers will be exported to the US at zero duty, which is a significant advantage for the Indian agricultural sector. This move is expected to boost India’s agricultural exports to the US, providing a much-needed boost to the country’s economy.
Goyal’s statement comes at a time when some people in India have been expressing concerns that the trade deal might harm the interests of Indian farmers. However, the Commerce Minister has allayed these fears, stating that the deal has been negotiated with the interests of Indian farmers in mind. He also took a swipe at those who are opposing the deal, saying that some people in India “who’re against the interests of the farmers” are surprised by the deal.
It is worth noting that the Indian government has been under pressure from various quarters to ensure that the trade deal with the US does not harm the interests of Indian farmers. The agricultural sector is a crucial part of India’s economy, and any move that is perceived as harming the interests of farmers can have significant political and social implications. Therefore, the government has been cautious in its approach, ensuring that the deal is negotiated in a way that benefits Indian farmers.
The trade deal between India and the US is expected to have far-reaching implications for both countries. The US has been seeking greater access to the Indian market, particularly in the areas of agriculture and dairy products. On the other hand, India has been seeking greater access to the US market for its pharmaceutical and IT products. The deal is expected to boost bilateral trade between the two countries, which currently stands at over $140 billion.
Goyal’s statement has provided a significant boost to Indian farmers, who have been seeking greater access to the US market for their products. The move to export agricultural products to the US at zero duty is expected to increase India’s agricultural exports to the US, which currently stand at around $2 billion. This is a significant opportunity for Indian farmers, who have been seeking to increase their exports to the US market.
However, not everyone is convinced that the trade deal will benefit Indian farmers. Some critics have argued that the deal could lead to an influx of cheap agricultural imports from the US, which could harm the interests of Indian farmers. They have also argued that the deal could lead to the introduction of genetically modified crops in India, which could have significant environmental and health implications.
Despite these concerns, the Indian government has maintained that the trade deal has been negotiated with the interests of Indian farmers in mind. The government has stated that it will ensure that the deal does not harm the interests of Indian farmers, and that it will take all necessary steps to protect the interests of the agricultural sector.
In conclusion, the trade deal between India and the US is a significant development that is expected to have far-reaching implications for both countries. While there are concerns that the deal could harm the interests of Indian farmers, Commerce Minister Piyush Goyal has stated that no such measures have been taken. On the contrary, the deal is expected to benefit Indian farmers, with many agricultural products being exported to the US at zero duty. As the deal is finalized and implemented, it will be important to monitor its impact on the Indian agricultural sector and ensure that the interests of Indian farmers are protected.
News source: https://x.com/ANI/status/2020058239543701827
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