National interest, not a time limit, to determine the US trade deal: Piyush Goyal | Bharat News
New Delhi: India will only enter a trade agreement with the US when its interests are protected and it is capable of maintaining a tariff profit on its rivals, while farmers, Commerce and Industry Minister Piyush Goel said on Friday.“India has never discussed a installment under any trade agreement or even under any time under pressure or under any duras.No compromise on the interests of farm and dairy areas: Goyal US President Donald Trump had imposed mutual tariffs on about 100 countries, but agreed to a 90 -day break on Tuesday. India was slapped with 26% mutual tariffs. Uncertainty is uncertain whether India and America may agree with an early installment or a mini deal, even a wider bilateral trade agreement is interacted by Trump and PM Modi after a meeting after a meeting.For India, reducing tariffs on agricultural products such as maize and soybean, as well as dairy products are also a concern. While the Minister of Commerce and Industry Piyush Goyal did not get in the nuances, he said that India would not compromise the interests of farm and dairy areas. “The interest of farmers is always paramount for the Modi government. Whatever interaction we have held, you have seen the UK, Australia, Mauritius, EFTA and UAE agreements, the farmers of India have been protected.“The government has avoided giving concessions in major agricultural products, but for us, this is the main focus.While some government officials said that American demands were not very clear, for India, Goyal said that Indian expectations were focused on the business deal for duty concession in labor-intensive areas. India was expecting duties in leather, shoes, textiles and some auto parts in exchange for reducing the levy on automobile and American whiskey.In addition, India wants to be untouched by future tariff adjustments, including regional action, gaining the advantage of less duties than countries like China and Vietnam. There are only a handful of countries including Britain, China and Vietnam, which have so far agreed to trade deals with us.
