2nd Test, Ind vs SL: Sonal Dinusha resists India as rain ends day 3 early,Iran warns neighbours against joining US economic campaign against Tehran, Centre notifies removal of 12-minute advertisement duration cap for TV channels, FDA suspends licences of five food outlets on Mumbai Cricket Association premises,

Trade deal ensures full protection for farmers, Agri products: Goyal

Union commerce minister Piyush Goyal on Saturday stated that no import benefits will be given to the United States on agricultural products. He asserted that the trade deal with the US protected Indian farmers and MSMEs, while at the same time, it opened the US market to several agricultural products. Addressing a press conference on Saturday, in New Delhi,Goyal stressed that India opened its market selectively for certain American items like red sorghum, tree nuts, wines and spirits. Dishing out details on the trade terms reached with the Trump administration, Goyal said several agricultural products would now attract zero reciprocal tariff in the US. The union minister also named key items that will enjoy zero duty under the India-US interim trade agreement. He said that several Indian exports to the United States, including gems and diamonds, pharmaceutical products, and smartphones, will continue to attract zero duty.

In the agricultural sector, a wide range of products will also benefit from a zero reciprocal tariff. These include spices, tea, coffee and their derivatives, coconut and coconut oil, vegetable wax, areca nut, Brazil nut, cashew nut, chestnut, as well as many fruits and vegetables, providing significant opportunities for Indian farmers.Goyal said a wide range of fruits, vegetables and farm produce, including banana, mango, guava, avocado, kiwi, papaya, pineapple, mushrooms, cereals, barley, bakery products, cocoa products, and sesame seeds, would also enter the US market without duties.

Goyal said that trade pact will open $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen.  He also stated that the increase in exports will create lakhs of new job opportunities for women and youth in India.

 

 

 

 


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Food & Lifestyle

 The food industry is constantly evolving. New ingredients, techniques, presentation styles, and global influences continue to reshape the way food is prepared and served.

Read More

Crime

Indian agencies have brought back three absconding gangsters linked to the Bambiha Gang apprehended in Malaysia.

Read More

Opinion

The RBI's special FCNR(B) swap window has demonstrated the speed at which global capital can respond when investment economics improve.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.