He highlighted concerns about zero per cent tariff on American products and 18 per cent tariff on Indian products, potentially harming Indian farmers and industries.
Indian exporters of seafood, honey, and dairy have dodged a significant trade hurdle as New Delhi successfully secured continued market access to the European Union under the bloc's stringent new health safety framework, as per a statement released by the Ministry of Commerce & Industry.
Union Commerce Minister Piyush Goyal on Wednesday assured Members of Parliament that India had successfully safeguarded the interests of the agriculture and dairy sectors in the trade deal with the United States.
Shiv Sena (UBT) MP Sanjay Raut on Thursday criticised the India-US trade agreement, which reduced the previously imposed tariff of 50 per cent to 18 per cent, saying that with this trade deal, the United States has almost bought India.
Samajwadi Party chief Akhilesh Yadav on Wednesday slammed the Centre over the United States' claim that India may reduce tariffs to zero on certain American goods and purchase USD 500 billion of US energy, technology, agricultural, and coal products.
Congress MP Jairam Ramesh on Wednesday demanded clarity on the details of the India-US trade deal, stating that a joint statement has not yet been issued.
The India-US trade deal reduces tariffs on Indian goods in the US to 18 per cent, while Washington has claimed the deal will help it export more agricultural products to New Delhi.
The India-US trade deal reduces tariffs on Indian goods in the US to 18 per cent, while Washington has claimed the deal will help it export more agricultural products to New Delhi.
He stated that if such commitments are made without extensive public consultation, parliamentary debate, or dialogue with farmers' representative bodies, it would constitute a direct betrayal of the interests of crores of Indian farmers, horticulturists, and agricultural labourers.
Commerce and Industry Minister Piyush Goyal has said Prime Minister Narendra Modi has always championed the agriculture and dairy sectors, safeguarding their interests and noted the sensitive factors of India's economy, particularly agriculture and dairy, have been protected in the India-US
India has agreed to eliminate tariffs on industrial goods under the trade agreement with the United States, cutting average duties to zero from the current 13.5%, US Trade Representative Jamieson Greer has said, according to CNBC.
"India's agricultural sensitivities have been fully protected" in the India-US trade deal, which will reduce American tariffs on Indian goods to 18%, a senior government official told ANI on Tuesday.