Is There No Chance to Compromise on Farmer, Dairy, and Agri Interests?
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Synopsis
In a firm stance, Indian officials assert that trade agreements will not be made under pressure. With the US imposing new tariffs, the focus remains on protecting the interests of farmers and agriculture. This article explores the implications and future trade negotiations.
Key Takeaways
- India will not compromise on farmers' interests amid US tariffs.
- Trade negotiations with the US are ongoing, focusing on mutually beneficial agreements.
- The recent India-UK FTA is a significant development for various sectors.
- India is on track to be the third-largest economy.
- Government is committed to protecting national interests in trade discussions.
New Delhi, Aug 1 (NationPress) India firmly maintains that it will not engage in trade agreements under any form of pressure or time constraints, emphasizing that there is no possibility of compromising on the interests of farmers, dairy, and agriculture, according to government officials this Friday.
Officials well-versed in the matter indicated that the 25 percent tariff increase imposed by US President Donald Trump starting August 1 does not pose a significant threat to the Indian market.
"There is absolutely no chance of compromising on farmers, dairy, and MSMEs, and we will not permit the importation of genetically-modified crops either," the officials asserted, adding that "lower tariffs on Pakistan and Bangladesh will have no effect on us."
A US delegation is scheduled to arrive for the next round of trade discussions by the end of August, with India-US trade negotiations anticipated to continue, potentially offering some relief in the near future.
Additionally, the recently finalized India-UK free trade agreement (FTA) is viewed as a 'game-changing' accord that provides substantial opportunities and advantages to farmers, business people, MSMEs, young professionals, and fishermen.
Commerce Minister Piyush Goyal stated on Thursday that the country will undertake all necessary measures to safeguard national interests during trade negotiations with other nations. While addressing Parliament, Goyal also refuted the US President’s remarks regarding a "dead economy," asserting that India has advanced from the 11th to the fifth-largest economy in just ten years, remaining the fastest-growing economy globally.
"India has established mutually advantageous FTAs with the UAE, the UK, Australia, and the EFTA nations. Our goal is to secure similar FTAs with additional countries," Goyal mentioned, adding that India, through its reforms and the concerted efforts of MSMEs and industry, is currently the 4th largest economy and is on track to become the third-largest economy soon.
"We are continually striving to protect and uplift our farmers. The government is optimistic about realizing the goals of Viksit Bharat. India is advancing towards ‘Make in India’ with self-assurance," the minister remarked.
According to the minister, India and the US have agreed to discuss a mutually beneficial trade deal intended for completion by this fall.
Point of View
It is vital to recognize that India's commitment to its farmers and agriculture is unwavering, even in the face of external pressures. The government's proactive approach reflects a dedication to national interests while navigating complex international trade landscapes.
NationPress
15/08/2025
Frequently Asked Questions
What is the current situation with US tariffs on India?
The US has imposed a 25% tariff increase, but Indian officials believe it will not disrupt the markets significantly.
Are there any trade agreements in the works?
Yes, a US delegation is set to arrive for trade talks by the end of August to explore mutually beneficial agreements.
How does this affect Indian farmers?
Indian officials emphasize that there will be no compromise on farmers' interests, and measures will be taken to protect them.
What are the recent developments in trade agreements?
India recently finalized a free trade agreement with the UK, which is seen as beneficial for various sectors including agriculture.
What does the government say about the economy?
Commerce Minister Piyush Goyal stated that India is the fastest-growing economy and is on track to become the third-largest economy globally.
