ADVERTISEMENT

ADVERTISEMENT

India-US trade pact and its impact on millions of Indian farmers

The India–U.S. joint statement suggested that New Delhi pushed back against Washington's efforts to broadly open its agricultural market.

A farmer sprays insecticide on his cauliflower field in Kolkata, India, December 19, 2016. / REUTERS/Rupak De Chowdhuri

The United States and India have released an interim framework for a trade deal, paving the way for an agreement that would lower tariffs, reconfigure energy ties and deepen economic cooperation as both seek to realign global supply chains.

The India–U.S. joint statement suggested that New Delhi pushed back against Washington's efforts to broadly open its agricultural market. However, India has agreed to lower trade barriers on some farm goods, drawing criticism from farmers and opposition parties.

Also Read: Washington ready to elevate relationship with India even further: U.S. Ambassador

This post is for paying subscribers only

SUBSCRIBE NOW

Comments

Related