India-US Trade Deal: A Historic Agreement with National Interest at Forefront

Union Commerce and Industry Minister Piyush Goyal today stated that India-US Trade Deal is a historic and forward-looking trade agreement that places India’s national interest at the centre.Addressing the media in New Delhi this evening, the Minister said that the deal strengthens the country’s position in the global economy. He added that Prime Minister Narendra Modi has always taken care of the interests of the country’s agriculture and dairy sectors and is continuously working to ensure that people in these sectors get a bright future. The Minister expressed happiness that the country understands that the interests of India’s sensitive sectors are protected in the India-US trade Deal.The Union Minister said the deal will benefit many sectors including MSME, Textile, Gems and Jewellery, Leather Goods, and Marine Goods. He added that the deal opens up opportunities for India to get world-class technologies to further power the India growth story and economy. Mr Goyal also informed that the final details of the trade deal are being worked out, and an India-US joint statement will be issued soon.The Minister also criticised Leader of Opposition in the Lok Sabha Rahul Gandhi and other opposition leaders for allegedly misleading and creating confusion among the people regarding the deal.Industry bodies also welcomed the India-US trade deal. Talking exclusively to Akashvani News, President of ASSOCHAM, Nirmal K Minda described it as a major breakthrough with the reduction of tariff rates by US on Indian exports to 18 per cent. He said that the deal is set to boost Made in India products, ensuring enhanced access to the world’s largest economy.Confederation of Indian Industry (CII) also lauded the India-US Trade deal, calling it a significant step towards the strategic economic partnership between both the nations. CII President, Mr Rajiv Memani, said that the expected reduction to 18 percent will enhance the global competitiveness of Indian products while catalysing manufacturing growth, employment creation and the development of resilient supply chains.