New Delhi, Feb 7 (IANS) India has safeguarded the sensitivities of its agriculture and animal husbandry sectors in the interim US trade deal, Finance Minister Nirmala Sitharaman said on Saturday.As part of the interim trade deal framework, the US will slash reciprocal tariffs on Indian goods to 18 per cent, providing a huge market opportunity in key sectors such as textiles and apparel, leather and footwear, plastic and rubber products, organic chemicals, home decor, artisanal products, and sele…
Latest Trade Deal News & Updates
Washington, Feb 7 (IANS) The United States and India announced a framework for an Interim Agreement on reciprocal, mutually beneficial trade, a step aimed at advancing talks toward a broader bilateral trade pact, as the White House formally announced to reduce the tariff on imports of Indian products from 25 per cent to 18 per cent.According to a joint statement, the framework reaffirms both sides’ commitment to negotiations on a US-India Bilateral Trade Agreement. Those talks were launched by P…
New Delhi, Feb 5 (IANS) India on Thursday rejected a Bloomberg report which had claimed that a meeting between National Security Advisor (NSA) Ajit Doval and US Secretary of State Marco Rubio had taken place last year amid stalled trade talks between the two countries. The report had claimed further that it was conveyed to Washington that New Delhi was ready to wait until the end of US President Donald Trump’s term to finalise a trade deal. “There is absolutely no basis for that report. No such …
New Delhi, Feb 5 (IANS) Union Agriculture and Farmers’ Welfare Minister Shivraj Singh Chouhan on Thursday asserted that the India–US trade agreement fully safeguards the interests of Indian growers, rejecting Opposition claims that the agriculture sector has been compromised. Describing the deal as a balanced outcome rooted in diplomacy, development and national dignity, Chouhan said tariff rationalisation would expand export opportunities for Indian produce while keeping domestic markets prot…
Baramati, Feb 4 (IANS) Nationalist Congress Party-Sharadchandra Pawar (NCP-SP) President Sharad Pawar on Wednesday expressed concerns that the new trade agreement between India and the US could adversely affect Indian farmers and the agricultural sector in the near future.While the detailed draft of the India-US trade deal is yet to be fully disclosed, Pawar stated during a press conference that the information currently available is a cause for concern for Indian farmers.During the press confer…
New Delhi, Feb 4 (IANS) The Lok Sabha was briefly adjourned five minutes after reconvening on Wednesday amid the constant ruckus created by the Opposition MPs. Speaker Om Birla urged the Opposition benches to let the Question House proceed; however, the MPs continued with their sloganeering. The House was subsequently adjourned till noon.Earlier in the day, Congress MP Manish Tewari submitted an adjournment motion notice in the Lok Sabha, seeking a discussion on the India-US trade agreement. Ind…
New Delhi, Feb 3 (IANS) India’s trade deal with the United States will not compromise the country’s agriculture and dairy sectors, Commerce and Industry Minister Piyush Goyal asserted on Tuesday following widespread criticism by the opposition. Implying that opposition parties have found the taste bitter even before the pudding has been brought out, the minister also pointed out that though formalities have been completed, the trade deal has not yet been inked.Washington does gain market acc…
New Delhi, Feb 3 (IANS) Congress MP from Chandigarh and former Union Minister Manish Tewari on Tuesday questioned the Central government regarding a potential agricultural trade agreement with the US.Speaking to the media here, Tewari noted that statements coming from the US “indicated that India’s agricultural market is being opened to American agricultural products, which could create a highly worrying situation for the country’s farming sector”. He said that the US Agriculture Secretary B…
New Delhi, Feb 3 (IANS) Commerce and Industry Minister Piyush Goyal said on Tuesday that the trade deal finalised by Prime Minister Narendra Modi with the US is the best among the neighbouring countries and will protect the interests of the country’s farmers, the dairy sector, and fishermen.Addressing a press conference, he said that the Prime Minister had used his friendship with US President Donald Trump to clinch a very good deal for India, giving priority to national interest.The trade deal …
Lucknow, Feb 3 (IANS) Bahujan Samaj Party (BSP) President Mayawati on Tuesday adopted a cautious approach on the India-US trade deal, saying that drawing conclusions at this stage would be premature.Mayawati said a meaningful assessment of the move would be possible only after its actual impact is seen on the ground, particularly on economically vulnerable sections of society.The BSP supremo, in a post on X, said that the trade agreements between India and the US involved several conditions and …