No steps taken in India-US trade deal that harm farmers: Goyal
In a recent statement, Commerce Minister Piyush Goyal has reassured the nation that the India-US trade deal has been crafted in a way that protects the interests of Indian farmers. According to Goyal, the agreement does not include any provisions that would harm the country’s agricultural sector. On the contrary, the minister claimed that the deal would actually benefit Indian farmers by allowing them to export many agricultural products to the US at zero duty.
Goyal’s statement comes as a response to concerns raised by some groups in India, who have expressed fears that the trade deal could have a negative impact on the country’s farmers. However, the minister was quick to allay these concerns, stating that the government had taken no measures that would harm the interests of Indian farmers. Instead, he emphasized that the deal would provide new opportunities for Indian agricultural products to enter the US market, which is one of the largest and most lucrative in the world.
The minister also took a swipe at those who have been critical of the deal, suggesting that they are motivated by interests that are opposed to those of the farmers. “Some people in India who are against the interests of the farmers are surprised by the deal,” Goyal said. This statement is likely to be seen as a reference to opposition parties and other groups who have been vocal in their criticism of the trade agreement.
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 and reach a mutually beneficial agreement. The deal is expected to have a significant impact on bilateral trade between the two countries, which currently stands at over $150 billion. By allowing Indian farmers to export their products to the US at zero duty, the agreement could provide a major boost to the country’s agricultural sector, which is a key driver of the economy.
The US is one of the largest importers of agricultural products in the world, and India is well-placed to take advantage of this demand. The country has a diverse range of agricultural products, including fruits, vegetables, grains, and spices, which are in high demand in the US. By providing duty-free access to the US market, the trade deal could help to increase India’s agricultural exports and provide a new source of income for the country’s farmers.
Goyal’s statement has been welcomed by farmers’ groups and other stakeholders in the agricultural sector, who see the trade deal as a major opportunity for Indian farmers to expand their exports and increase their incomes. However, not everyone is convinced that the deal is in the best interests of Indian farmers. Some critics have argued that the agreement could lead to an influx of cheap US agricultural products into India, which could harm the country’s farmers and undermine the domestic agricultural sector.
Despite these concerns, the government remains confident that the trade deal will have a positive impact on the country’s agricultural sector. Goyal’s statement is a clear indication that the government is committed to protecting the interests of Indian farmers and ensuring that they benefit from the trade agreement. As the deal is implemented and its effects become clearer, it will be important to monitor its impact on the agricultural sector and ensure that the interests of Indian farmers are protected.
In conclusion, the India-US trade deal has the potential to be a game-changer for Indian farmers, providing them with new opportunities to export their products to the US at zero duty. While some concerns have been raised about the potential impact of the deal on the domestic agricultural sector, the government has reassured the nation that it has taken no steps that would harm the interests of Indian farmers. As the deal is implemented, it will be important to ensure that the interests of Indian farmers are protected and that they benefit from the agreement.
Source: https://x.com/ANI/status/2020058239543701827
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