India-US Trade Deal: Piyush Goyal Says, Trade Deal Opens Access To A $30 Trillion Market

Описание: On this Special Report, Union Commerce Minister Piyush Goyal provides a detailed breakdown of the landmark India-US interim trade agreement. Goyal highlights that the deal effectively opens access to a $30 trillion US market, describing it as a 'huge unparalleled opportunity' where 'all the stars are aligned.' Addressing domestic concerns, the Minister emphasizes that India has not compromised on national interests, particularly regarding the dairy sector and small farmers. He notes that while US tariffs on most Indian products will drop from 50% to 18%, with nil duties on items like aircraft parts and gems, India has maintained full protection for sensitive food sectors. The agreement includes reciprocal concessions, such as reduced tariffs on American almonds, walnuts, and apples, which Goyal suggests will benefit Indian consumers by providing more options. The programme explores how this strategic partnership balances export growth with the protection of rural livelihoods.

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