Amritsar, Feb 10 (NationPress) Sunil Jakhar, President of the Punjab Bharatiya Janata Party (BJP), stated on Tuesday that the recent India-US trade agreement has paved the way for the nation’s advancement towards becoming a developed country while offering a protective barrier for Indian farmers.

In a media interaction, he mentioned that this agreement will serve as a “runway” to elevate the nation to new levels of development, particularly benefiting Punjab’s textile industry. Jakhar emphasized that the BJP is aware of its responsibilities and accountability to the populace, especially farmers, and is committed to educating them about the various dimensions of this trade agreement.

He urged the Opposition to cease their misleading narratives surrounding the pact, asserting that Prime Minister Narendra Modi deserves commendation for successfully negotiating a deal that serves national interests despite challenging global conditions.

Jakhar noted that while the US President promotes the “Make America Great Again” initiative, Prime Minister Modi has embraced the “Make India Great” philosophy, ensuring that the agreement protects India’s agricultural sector while allowing the nation to export its industrial goods to the US and acquire advanced technologies as required.

He remarked that the Prime Minister has effectively transformed challenging global situations into opportunities for India. With the agreement in place, Indian products will benefit from the lowest tariffs in the US compared to rival nations, thus enhancing India’s market access in America. “This will significantly enhance India’s industry and trade,” he asserted.

Jakhar further explained that while the agreement opens new growth prospects for industries and creates fresh employment opportunities within the country, it also establishes a protective “Lakshman Rekha” for farmers’ interests.

He emphasized that before assuming leadership roles, he is a farmer and can confidently assert that this agreement will not adversely affect any farmer in Punjab, as the crops cultivated by Punjab farmers are excluded from the agreement’s scope.

Jakhar mentioned that while the agreement offers protection to farmers, it will also generate new job prospects for the next generation of farming families transitioning into various professions. Under this agreement, agricultural products worth $1 billion from India will be exported to the US at zero per cent tariff.

He noted that the US textile market is valued at $345 billion, with India’s current share being only five percent, while China’s share fluctuates between 25 and 35 percent. With India now gaining access to this market at reduced tariffs compared to China, Indian textile manufacturers, particularly in Punjab, will reap direct benefits.

“This will positively influence Punjab’s economy, as operational factories will generate employment, increase revenue, and facilitate new development,” he stated, adding that for India to establish its position in the emerging global economy, it is crucial for the nation to become the world’s factory.

He appealed to citizens to understand the facts, indicating that opposition parties are aware of the truth but continue to oppose the agreement for mere political gain.