TRADE DEAL
National News: India-US Trade Deal: The fifth round of talks held in the US from 14 to 17 July on the trade agreement between India and the US ended without any concrete result. The delegations of both the countries discussed tariffs, market access, and sensitive sectors, but no decisive agreement could be reached. On behalf of India, a delegation led by Special Secretary Rajesh Agarwal participated in the talks. The main obstacle was regarding the agriculture and dairy sector, on which the US wants an open market, while India does not agree with this.
According to media reports, America demands that its agricultural and dairy products should get low-duty or duty-free entry in the Indian market so that it can increase the reach of its products. However, India's stance is to protect the interests of local producers and farmers in these sectors. The government believes that if American products are given a free hand, it can harm the small- and medium-scale producers of the country.
Union Minister Piyush Goyal, while giving a statement on this issue, said that national interests are paramount for India. He clarified that India will not succumb to any kind of external pressure and will reach an agreement only through dialogue. Goyal also added that India places great emphasis on ensuring the global reach of its IT, pharmaceutical, and textile industries.
Experts believe that the main reason for the delay in the deal is India's strategic vigilance and policy of protecting its domestic industries. At the same time, America wants to move forward in the direction of free trade. Talks between the two sides are likely to continue, but no final deal has been decided at the moment.
India will now analyze the results of the fifth round of talks and prepare its next strategy. However, it is clear that India does not want to enter into any hasty agreement and will not compromise its interests.
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