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The Interim Agreement betwixt India and the U.S. volition not see immoderate point that would wounded Indian farmers, Commerce Minister Piyush Goyal said connected Saturday (February 7, 2026), adding that determination are respective areas wherever Indian farmers and MSMEs person received duty-free introduction into the U.S. market.
India and the U.S. aboriginal Saturday (February 7, 2026) greeting issued a associated statement successful which they announced that the 2 countries had reached a model for an Interim Agreement, and would proceed moving unneurotic towards a much broad Bilateral Trade Agreement.
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“We person not included immoderate point wherever immoderate Indian husbandman volition beryllium hurt,” Mr. Goyal said astatine a property league aboriginal successful the day. “All delicate items person been kept retired of the deal. No genetically modified items volition participate India, and nary tariff alleviation has been fixed [to the U.S.] connected meat, poultry, dairy, soybean, maize, rice, wheat, sugar, millets, fruits specified arsenic bananas, strawberries, cherries, citrus fruit, greenpea, kabuli chana, moong, oilseeds, ethanol, and tobacco.”
How India volition benefit
He further listed retired a fig of different sectors that would spot duties connected exports to the U.S. being reduced from 50% to 0%.
These see gems and diamonds, pharmaceutical products, craft parts, machinery parts, generic drugs, pharma products, immoderate car parts, gems and diamonds, platinum, clocks and watches, indispensable oils, location decor items specified arsenic chandeliers, lamp parts, immoderate inorganic chemicals, immoderate paper, plastic, and wood items, among others.
“Several cultivation exports volition spot zero work from 50%, specified arsenic spices, tea, coffee, copra, coconuts and coconut oil, rootlike oil, areca nut, Brazil nuts, cashew nuts, chestnuts, respective fruits and vegetables, specified arsenic avocados, bananas, guavas, mangoes, kiwis, papaya, mushrooms, worldly for rootlike plating, rootlike sap, rootlike roots, cereals similar barley, immoderate processed foods,” Mr. Goyal said.
Where India has reduced tariffs
The Commerce Minister acknowledged that India has reduced oregon removed tariffs connected items that India needs and does not produce, oregon those that it produces but not successful capable quantities.
“Some items volition spot tariffs being removed immediately, portion others volition spot tariffs removed successful a phased manner, portion immoderate others volition besides spot quota-based tariffs,” Mr. Goyal said.
These items see apples, Distillers Dried Grains with Solubles (DDGS), wines and spirits (with a minimum import price), pista, walnuts, almonds, immoderate concern accumulation inputs, galore medicines for crab treatment, bosom treatment, neurological treatment, immoderate cosmetics, integrated and inorganic chemicals, respective products related to computers, and respective aesculapian equipments.
“It is large triumph for India that the U.S. has agreed to supply america with assorted ICT products that we need,” Mr. Goyal.
