Commerce Minister Piyush Goyal during press briefing on Saturday
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Moneycontrol07-02-2026, 14:57

India-US Trade Framework Protects Farmers, MSMEs: Piyush Goyal

  • Commerce Minister Piyush Goyal states interim India-US trade framework expands export opportunities while safeguarding farmers, MSMEs, handicrafts, and handlooms.
  • Goyal refutes opposition claims, confirming no duty concessions on dairy, sugar, or millets to the US.
  • Framework balances export growth with domestic protection, ensuring no harm to sensitive sectors.
  • Indian exports like gems, pharma, smartphones to enjoy zero duty access; duties reduced on spices, tea, coffee, and various fruits/vegetables.
  • Sensitive items, including GM products, meat, poultry, dairy, and key agricultural commodities, are excluded from the deal.

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