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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.

 

 

 

 


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