India-US Trade Deal: No GM Crops, Farmers & Dairy Interests Protected - Piyush Goyal

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News18•07-02-2026, 16:30
India-US Trade Deal: No GM Crops, Farmers & Dairy Interests Protected - Piyush Goyal
- •Union Commerce Minister Piyush Goyal confirms no GM products from the US will enter India under the interim trade agreement.
- •Farmers and the dairy sector's interests are fully protected, with no compromise on key agricultural products like dairy, meat, poultry, and various grains.
- •Several Indian agricultural products, including wheat, rice, oilseeds, coffee, and tropical fruits, will enjoy 0% tariffs when exported to the US.
- •Industrial and pharmaceutical sectors also benefit from reduced tariffs on smartphones, medicines, aircraft parts, and gems and jewelry.
- •The deal aims for a $500 billion annual bilateral trade target, with India's exports to the US potentially reaching $300 billion.
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