India-US Trade Deal: As soon as there was noise about the India-US trade deal, the biggest question raised was whether American milk, wheat and vegetables will now reach the Indian plate? Will local farmers and dairy sector come under pressure? But as soon as the details of the agreement came to light, the picture became completely clear. India has kept its borders firmly closed in sensitive areas like agriculture and dairy. From milk to spices and from grains to vegetables and fruits, many American products have not been allowed entry into the Indian market.
This interim deal will greatly benefit India’s sectors like textiles, leather, footwear, handicrafts, plastics, rubber and home decor. The tariff which was earlier imposed by the US government was 25 percent, now it has been fixed at 18 percent. Apart from this, the additional 25 percent tariff that was imposed has also been abolished. India-America have done the deal by reducing the total 50 percent tariff imposed on India to 18 percent. In such a situation, increasing exports in these sectors at 18 percent tariff is expected to create millions of new jobs in India, especially for women and youth.
Rice, wheat, maize, soybean, milk, cheese etc. in protected list
According to the information given by the Union Minister, products like rice, wheat, maize, soybean, milk, cheese, poultry and ethanol have been kept in the protected list. BJP leaders have also released a complete list of goods, in which it has been told which sectors of India have been completely protected from the American market.
Big market will open for MSME, farmers and fishermen
There is no market openness in the dairy sector. This has provided strong protection to crores of small dairy farmers and the cooperative model. This deal will open up a huge market worth US$ 3,00,000 billion for Indian exporters, especially MSMEs, farmers and fishermen.
These products cannot enter the Indian market
American Agriculture like Wheat, Copra, Siamak, Kodo, Bajra, Kangni, Oats, Maida, Gram, Chickpea, Ragi, Amaranth, Maize, Rice, Barley, Jowar, Shelled Grains and Flour (Wheat, Maize, Rice, Bajra etc.), Potatoes, Onions, Peas, Beans, Kheer, Mushrooms, Pulses, Frozen Vegetables, Oranges, Grapes, Lemons, Strawberries, etc. The products will not be allowed to enter the Indian market. Apart from this, mixed canned vegetables will also not be available in the Indian market.
Some spices also have no place in the Indian market.
Along with this, among dairy products, liquid, powdered and condensed milk, cream, yogurt, butter milk, butter, ghee, butter oil, paneer, whey products and cheese will also not get entry in the Indian market. Apart from dairy and agricultural products, some spices will also not be given a place in the Indian market. These include black pepper, cloves, dry green chillies, cinnamon, coriander, cumin, asafoetida, ginger, turmeric, oregano, fenugreek, chakramard, cassia, mustard, mustard, husk and other powdered spices. Aircraft parts will be exempted under American Section 232. At the same time, America will reduce or completely remove tariffs on many items including generic medicines, gems, diamonds, and aircraft parts.