- Prime Minister Modi vowed no compromise on interests of farmers, livestock rearers, and fishermen
- The US seeks duty concessions on agriculture and dairy in the proposed India-US bilateral trade agreement
- The US has imposed tariffs up to 50% on Indian goods, effective from August 27
Prime Minister Narendra Modi on Friday said India will not compromise on the interests of farmers, livestock rearers and fishermen, asserting that he is standing like a wall to protect them.
The remarks are important as the US is seeking duty concessions from India in agriculture and dairy sectors in the proposed bilateral trade agreement (BTA), being negotiated between the two countries.
The US has also imposed steep tariffs on India. Trump has ratcheted up tariffs on Indian goods to 50 per cent, which will come into effect from August 27. At present, an additional 25 per cent tariffs are there on Indian goods entering American market.
"Modi is standing like a wall against any harmful policy related to the farmers, fishermen and cattle rearers of India. India will never accept any compromise regarding its farmers, its livestock rearers, its fishermen," he said while addressing the nation on the 79th Independence Day.
In the proposed BTA, the US is seeking reduced tariffs on products like corn, soybeans, apples, almonds and ethanol, as well as increased access for US dairy products. New Delhi is, however, strongly opposing these demands as these will have a direct bearing on farmers.
India has never given any duty concessions to any of its trading partners, including Australia and Switzerland, with whom it has signed trade agreements.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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