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
Union Commerce Minister Piyush Goyal underlined the significance of the announcement of the interim framework of the India-US trade agreement, stating that today will be "etched in golden letters."
Congress General Secretary Jairam Ramesh on Saturday slammed the Prime Minister Narendra Modi-led NDA government, alleging that the Centre has agreed to US monitoring of India's import of Russian oil as part of the interim framework agreement of the deal.
Union Agriculture Minister Shivraj Singh Chouhan on Saturday assured that the government has protected all the major crops and dairy products, prioritising the benefits of farmers in the interim framework for the US-India trade agreement.
India and the United States have strengthened their economic partnership through a wide-ranging trade deal aimed at easing market access, reducing trade frictions, and expanding cooperation in advanced technologies.
Union Commerce Minister on Saturday said that dairy, fruits, vegetables, spices, and other grains have been protected in the India-US trade deal to safeguard the interests of domestic farmers.
Spokesperson of the Ministry of External Affairs, Randhir Jaiswal, on Thursday said discussions around the India-US trade deal are progressing, and further updates will be shared as developments unfold.
Commerce Minister Piyush Goyal on Thursday asserted that there has been no investment commitment from India to the US, but it is natural that India may need to source more products from the US going ahead with the Viksit Bharat 2047 goal.
Speaking to ANI, she said, "We will have to pay 18% tariff on exports to America, but zero tariff will be imposed on America... We have moved away from the Chabahar port... The trade deal should be on equal terms; this deal is unequal and unjustified and is being done according to US Pres