No steps taken in India-US trade deal that harm farmers: Goyal
In a recent statement, Commerce Minister Piyush Goyal has assured that India has taken no measures that harm the interests of the country’s farmers in the trade deal with the United States. On the contrary, many agricultural products from Indian farmers will be exported to the US at zero duty, he stated. This statement comes as a relief to the farming community in India, which has been a significant sector in the country’s economy.
Goyal’s statement was in response to criticism from some quarters that the trade deal with the US would harm the interests of Indian farmers. However, the Commerce Minister clarified that the agreement is designed to benefit Indian farmers, and many of their products will now have access to the US market at zero duty. This is a significant development, as it will provide new opportunities for Indian farmers to export their products to the US, which is one of the largest markets in the world.
Some people in India “who’re against the interests of the farmers” are surprised by the deal, Goyal added. This statement suggests that there are some individuals or groups in India who are opposed to the trade deal, not because it harms farmers, but because it does not serve their own interests. Goyal’s statement is a clear indication that the government is committed to protecting the interests of farmers and ensuring that they benefit from the trade deal.
The trade deal between India and the US has been in the works for some time now, and it is expected to be a significant boost to bilateral trade between the two countries. The agreement is designed to reduce tariffs and other trade barriers, making it easier for businesses in both countries to trade with each other. For Indian farmers, the deal provides new opportunities to export their products to the US, which is a significant market.
The decision to allow Indian agricultural products to be exported to the US at zero duty is a significant one, as it will provide a competitive edge to Indian farmers. Many Indian agricultural products, such as spices, tea, and coffee, are in high demand in the US, and the zero-duty export will make them more competitive in the US market. This will not only benefit Indian farmers but also contribute to the country’s economy.
Goyal’s statement is also significant because it highlights the government’s commitment to protecting the interests of farmers. The farming community in India has been facing several challenges in recent years, including low prices for their products, lack of access to credit, and inadequate infrastructure. The government has been working to address these challenges, and the trade deal with the US is an important step in this direction.
The trade deal between India and the US is also expected to have a positive impact on the Indian economy. The agreement is designed to increase bilateral trade between the two countries, which is currently around $150 billion. The deal is expected to increase trade to over $200 billion in the next few years, which will provide a significant boost to the Indian economy.
In conclusion, the statement by Commerce Minister Piyush Goyal that no steps have been taken in the India-US trade deal that harm farmers is a significant one. The agreement is designed to benefit Indian farmers, and many of their products will now have access to the US market at zero duty. This will provide new opportunities for Indian farmers to export their products to the US, which is one of the largest markets in the world. The government’s commitment to protecting the interests of farmers is clear, and the trade deal with the US is an important step in this direction.
The trade deal between India and the US is a significant development, and it is expected to have a positive impact on the Indian economy. The agreement is designed to reduce tariffs and other trade barriers, making it easier for businesses in both countries to trade with each other. For Indian farmers, the deal provides new opportunities to export their products to the US, which is a significant market. As the trade deal is implemented, it will be important to monitor its impact on the Indian economy and the farming community.
Overall, the statement by Commerce Minister Piyush Goyal is a significant one, and it highlights the government’s commitment to protecting the interests of farmers. The trade deal between India and the US is an important step in this direction, and it is expected to have a positive impact on the Indian economy. As the deal is implemented, it will be important to monitor its impact and ensure that it benefits Indian farmers and the economy as a whole.
News Source: https://x.com/ANI/status/2020058239543701827
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