India-U.S. trade deal LIVE updates: Pact will open $30 trillion market for Indian exporters, says Goyal
India fully protects sensitive wheat, rice, poultry under trade pact with U.S.
India has fully protected sensitive agricultural and dairy products such as maize, wheat, rice, soya, poultry, milk, cheese, ethanol (fuel), tobacco, certain vegetables and meat, as no duty concessions have been granted to the U.S. on these goods under the trade agreement.
“The agreement reflects India’s commitment to safeguarding farmers’ interests and sustaining rural livelihoods by completely protecting sensitive agricultural and dairy products, including maize, wheat, rice, soya, poultry, milk, cheese, ethanol (fuel), tobacco, certain vegetables and meat,” Commerce and Industry Minister Piyush Goyal said in a social media post.
As per a joint statement issued by both the nations, India will eliminate or reduce tariffs on a wide range of U.S. food and agricultural products, including dried distillers’ grains, red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products.
– PTI
