Congress MP Sukhdeo Bhagat on Sunday criticised the government over the India-US interim trade agreement, calling it "highly imbalanced" and a "unilateral deal."
BJP National Spokesperson CR Kesavan on Sunday hailed the India-US Interim Trade Framework Agreement, which significantly reduces tariffs on Indian exported goods from 50 per cent to 18 per cent.
Union Agriculture Minister Shivraj Singh Chouhan on Sunday said that the trade agreement with the United States will not harm Indian farmers, while the US has reduced tariffs on several Indian farm exports to zero.
Sitharaman said, "So every trade deal is important, and it certainly lifts the spirit of the exporters and people who are looking for newer markets and so on. And if the chief economic advisor has given you a number, go by that. I normally don't."
In a telephonic interview with ANI, Chidambaram responded to questions on the government's claims regarding the deal, and said, "what has been announced is neither a bilateral trade agreement nor an interim agreement, but merely a framework for a possible interim agreement in the future."
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"Under the leadership of PM Narendra Modi, this is a landmark deal between India and the US. This is a historic deal. The 50 per cent tariff has been cut down to 18 per cent. Trade will thrive, industries of people will thrive, and employment opportunities will increase," he said.
In response to an ANI question on the status of exports of electronic products and components, Piyush Goyal said, "Smartphones to the US will be exported on zero duty under the trade arrangements."
Union Minister for Commerce and Industry, Piyush Goyal, on Saturday hailed the zero duty on gems and diamonds exported from India to the United States as the two nations announced a framework for the Bilateral Trade Agreement.
While addressing a press conference on the India US Joint Statement, Minister Goyal said, "Agricultural products from Indian farmers will be exported to the United States at zero duty. At the same time, no tariff concessions have been granted for agricultural products from US farmers ente