India-US Trade Deal: Agri and Dairy Concessions Spark Debate
The recently signed India-US trade agreement has ignited a political debate, with critics questioning if India conceded too much in its agricultural and dairy sectors while refusing similar terms to other nations like New Zealand and the EU.
Key Concessions in the Landmark Deal
Signed during Prime Minister Narendra Modi’s US visit, the deal includes significant Indian concessions:
- Lower tariffs on key US farm imports like almonds, walnuts, and apples.
- Market access for US dairy products, a long-standing American demand.
Selective Approach Raises Eyebrows
The government’s refusal to extend similar terms to New Zealand and the European Union has led to accusations of favouritism. Opponents argue India is compromising its farmers’ interests to secure a strategic deal with the US.
Government Defence vs. Critics’ Concerns
The government defends the pact, stating it serves India’s best interests by boosting economic growth and job creation. However, critics warn it could harm Indian farmers and reflects growing dependence on the US.
Political Road Ahead
The deal’s parliamentary approval remains pending, ensuring it will be a major issue in the upcoming elections. Its impact on India’s trade policy is already significant, shaping future negotiations.
