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Zero duty, open market: Goyal says US doors open tariff free for India’s farmers and pharma

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[ad_1] India has secured zero-duty access for a wide range of its exports to the United States under the interim trade deal framework, with agriculture, pharmaceuticals and high-value manufactured goods among the biggest beneficiaries, Commerce and Industry Minister Piyush Goyal said at a press briefing.Putting farmer interests at the centre, Goyal stressed that the agreement opens the US market to several Indian agricultural products without imposing reciprocal tariffs, while ensuring domestic farmers are not harmed.Also Read: India-US trade deal: America has stopped short of Indian red lines“In agriculture too, many products from India will now be exported to the United States at zero duty,” Goyal said, adding that items such as tea, spices, coffee, coconut oil, copra and vegetable wax will face no import tariffs in the US.He said a wide range of fruits, vegetables and farm produce — including banana, mango, guava, avocado, kiwi, papaya, pineapple, mushrooms, vegetable roots, ...
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Piyush Goyal says farmers safe in US trade deal; India didn't budge on its red lines

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[ad_1] India has successfully defended its key trade “red lines” in the landmark agreement with the United States, Union Commerce Minister Piyush Goyal said on Saturday, reiterating that the deal does not compromise the interests of the country’s farmers. Speaking at a press conference in New Delhi, Goyal said that no genetically modified (GM) products from the United States will enter India, addressing a key concern of the farming community.Contrary to fears that the entire agriculture sector would be opened up, Goyal said the government has taken care not to harm farmers.Zero duty, open market: Goyal says US doors open tariff free for India’s farmers and pharma India's red lines: Where it didn't budgeWhile certain agricultural products such as tea, spices, coffee, coconut oil, vegetable wax, areca nuts, chestnuts, and a wide range of fruits and vegetables will now enjoy zero additional tariffs when exported to the United States, the agreement provides no relief for sta...
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What India gave the US to seal a $500 billion interim trade deal

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[ad_1] India has granted the United States selective access to its market under the landmark trade agreement, Trade Minister Piyush Goyal said on Saturday, allowing certain products to enter duty-free while carefully protecting domestic interests.Speaking at a press conference, Goyal described the deal as a calibrated approach aimed at boosting trade and accelerating economic growth. “This agreement will provide an opportunity to take India’s economy forward at a faster pace,” he said, adding that the pact ensures that the country’s 140 crore citizens will benefit and celebrate its success.Also read: Piyush Goyal says farmers safe in US trade deal; India didn't budge on its red linesIndia opens doors selectivelyUnder the deal, several US products will now enter India with zero duties, including Distillers Dried Grains with Solubles (DDGS), a feed product widely used in animal husbandry. Live EventsA few wines and spirits have also been allowed, with adjustments such as the e...
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India-US interim trade pact framework sends strong signal of confidence to global investors: Industry

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[ad_1] The framework for an interim trade agreement between India and the US sends a strong signal of confidence to global investors and offers a timely boost to competitiveness, technology access, and supply chain resilience, India Inc said on Saturday.India and the US on Saturday announced they have reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade.FICCI President Anant Goenka said it marks a pivotal step forward in advancing economic synergy between two of the world's largest democracies.Also read: What India gave the US to seal a $500 billion interim trade deal"This strategic partnership is designed to lower tariffs, ease regulatory bottlenecks, and unlock new opportunities across sectors. As India strengthens its position as a global manufacturing hub, this agreement offers a timely boost to competitiveness, technology access, and supply chain resilience".While the US...
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Vaishnaw: India in close talks with US on electronics, IP

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[ad_1] Bengaluru: The Indian government is closely engaged with the US for electronics and IP-related matters, Union Minister Ashwini Vaishnaw said on Saturday, as the two nations announced that they have finalised a framework for an interim trade agreement. The US-India joint statement on the interim agreement for trade deal has called for addressing non-tariff barriers that affect bilateral trade.It specifically mentions barriers related to the trade in US medical devices, US Information and Communication Technology (ICT) goods. Asked about views on the statement and its expected impact, Vaishnaw said the commerce ministry is the nodal body to share details but as far as electronics is concerned India is closely engaged in the discussion."We are very closely engaged from our side as far as electronics and IP is concerned. We believe in co-development, co-creation, we believe in IP, respecting IP. We believe that India has a lot to offer to the entire world in terms of new...
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Lack of access to cost-effective Indian vaccines straining Pakistan's economy: Minister

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[ad_1] The supply of cost-effective vaccines from India that stopped after the May 2025 conflict has put a strain on Pakistan's economy, Health Minister Mustafa Kamal said on Saturday. Pakistan earlier procured the cheap vaccines through the Global Alliance for Vaccines and Immunisation (GAVI), a global public-private health partnership working to provide vaccines for children from the world's poorest countries."Right now, Pakistan imports vaccines at an annual cost of around USD 400 million, out of which 49 per cent of the cost is covered by international organisations that operate through GAVI," Kamal said. "Pakistan contributes 51 per cent of the cost now, and unless we start local production of vaccines, we will face an annual import bill of USD 1.2 billion by 2031," he added.The minister also said that the international support for the provision of vaccines will end by 2031.Live Events Pakistan has traditionally procured cheap vaccines for immuni...
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India-US trade agreement along with other FTAs positive for Indian economy: SBI Chairman

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[ad_1] Mumbai : State Bank of India (SBI) Chairman CS Setty on Saturday said the India-US trade agreement, along with the other recently concluded Free Trade Agreements (FTAs) are extremely positive for the Indian economy.While responding to a question by on the India-US trade deal at a press conference, Setty said, "It's not only the India-US deal, but also other trade deals, whether it is with the EU or the FTA with the UK in the past, all these are extremely positive for the Indian economy.""One big positive development is that there's no overhang of tariffs," he said, adding that the agreement opens up significant opportunities for both corporates and micro, small and medium enterprises (MSMEs) to integrate with global supply chains.Further, on the Reserve Bank of India's (RBI) decision to keep the repo rate unchanged, Setty said, it was largely on expected lines, adding that the central bank's stance on liquidity management has boosted co...
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