India has set its best football negotiation foot, government sources told Business TV on Tuesday. Sources said India could not cope with sectors that could harm the sensitive domestic industries. The White House estimates the proposal made by India and should return soon.
Earlier, Trade Minister Piush Goyal made it clear that India would not be in a hurry to sign trading and that FTA should be a victory. “India never negotiates a commercial deal based on deadlines. Our focus is always in fairness and what the country is using,” Goyal said.
A few days after this, Union Minister of Agriculture Shivraj Singh Huhan said Sunday: “” The Nation First “is our Mummann. No negotiation will be under pressure. Being negotiations taking into account the interests of farmers. India will not come under any pressure. “
The Indian high -level delegation recently conducted discussions in Washington focused on a temporary agreement. The United States has sought tariff concessions for industrial products, electric vehicles, wines, petrochemicals, dairy products and agricultural products, such as apples and nuts from trees. Meanwhile, India has a priority for relief for its labor -intensive export sectors, including textiles, leather, gems and jewelry, shrimp, bananas and grapes.
Agricultural and dairy products remain the key gluing points. These sectors are deeply embedded in the rural economy and policy in India. India has repeatedly guarded dairy products from all past trade pills, with officials citing small -scale farmers’ vulnerability. According to the Global Trade Research Initiative, they have strongly subsidized US exports such as dairy products, poultry, gm soy and rice pose a serious threat to India’s agricultural economy.
“The reduction of US agricultural tariffs can undermine food safety in India by exposing small farmers to inexpensive, subsidized imports and global instability of prices,” said GRRI founder Ajai Srivastava. “India must maintain tariff flexibility to protect over 700 million rural animals and avoid repetition of past mistakes made under global trade deals.”
Source link
