India is actively involved in the discussions on the India-USA Bilateral Trade Agreement, which aims at expanding trade and investment and deepening the US-India trade relationship to promote growth that ensures fairness, national security and job creation, especially in the labour-intensive sector, including agricultural products.
India, US Weigh Balanced Farm Trade Access
According to Ministry of Agriculture & Farmers Welfare, the Minister of State for Agriculture and Farmers Welfare, Ramnath Thakur in a written reply in Lok Sabha today said that the ongoing discussions are focussed on how to take an integrated approach to strengthen and deepen bilateral trade by mutually increasing market access, reducing tariff and non-tariff barriers, and deepening supply chain integration.
Further, the livelihood interests of our farmers and requirements of food security have always been paramount for the Government while negotiating trade agreements with our international partners, including the US.
The remarks have significance as the two sides could not conclude due to the American demand to get comprehensive access in the Indian agriculture and dairy sector.
India, US Target BTA Phase-One by 2025
In March 2025, India and the US started talks for a balanced and mutually beneficial Bilateral Trade Agreement (BTA). The goal of this was to finish the first stage of the Agreement by October-November 2025.
Speaking on the BTA in Lok Sabha, Piyush Goyal on July 31 informed that there have been many virtual meetings between the two sides.
“The government is examining the implications of recent developments. The Ministry of Commerce and Industry is engaged with all stakeholders to gather their feedback and assess the situation,” Goyal added.
“The government attaches utmost importance to protecting and promoting the welfare of our farmers, workers, entrepreneurs, and all sections of industry. We will take all necessary steps to secure our national interest,” Goyal added. (Inputs from ANI)
Also Read: India-UK Trade Deal: How Indian Farmers Gain Exclusive Access To UK’s £37.5B Agricultural Market?
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
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