New Delhi: Commerce and Industry Minister Piyush Goyal said in the Lok Sabha this week that the interests of India's farmers have been protected in the India-US trade deal, as agricultural and dairy products are out of its ambit.
The minister said that India has successfully protected sensitive sectors such as agriculture and dairy, while giving full attention to food and farming concerns in the India-US trade agreement.
He said the partnership will create new opportunities for MSMEs, skilled workers, and industry, strengthen bilateral ties, and ensure energy security, which remains a top priority for 140 crore Indians.
The minister said that the trade deal "will simplify the reach to advanced technologies and help in realising India's 'Make in India for the World', 'Design in India for the World' and 'Innovate in India for the World'."
Earlier, Goyal said that PM Modi had clinched the deal, which was stuck in lengthy negotiations at the official and ministerial levels. He explained that it was essential to finalize the trade deal, as Indian exports of labour-intensive products such as seafood and textiles to the US were hit due to the higher punitive tariff of 50 per cent imposed by the Trump administration.
"On behalf of 140 crore Indians, I want to thank PM Modi because this deal will bring a lot of opportunities for India's economic growth, for farmers, poor, fishermen, women, and youth," he said.
