Indian Farmers Safe: Piyush Goyal Assures No Harm from India-US Trade Deal

India
M
Moneycontrol•04-02-2026, 12:58
Indian Farmers Safe: Piyush Goyal Assures No Harm from India-US Trade Deal
- •Commerce Minister Piyush Goyal stated in Lok Sabha that the India-US trade deal fully protects sensitive agricultural and dairy sectors.
- •He announced that both countries would soon issue a joint statement detailing the agreement, which is in its final stages.
- •The deal aims to reduce tariffs from 50% to 18% for many Indian products in US markets, benefiting labor-intensive and manufacturing sectors.
- •Goyal emphasized that India has successfully ensured the protection of its sensitive sectors, especially agriculture and dairy, during negotiations.
- •The agreement is expected to open significant opportunities for textiles, plastics, leather, gems, and other sectors, strengthening India-US relations.
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