Even as the Centre is inching closer to sign a Free Trade Agreement (FTA) deal with the European Union (EU), India’s dairy sector has flagged some concerns involving livelihood scores of Indian farmers.
After successfully blocking milk product imports from New Zealand and Australia under the Regional Comprehensive Economic Partnership (RCEP) agreement, the Indian dairy industry is mounting similar pressure vis-à-vis a free trade deal with the European Union (EU).
Having secured free trade agreements (FTAs) with almost all key trading partners, Australia is honing in on a long elusive but lucrative market — India. Tensions with China, the need to find new sources of economic growth and government policy to diversify trading partners are pushing Australia into India’s arms.
Farmers from Kerala marched to the regional office of the Rubber Board, demanding that the Centre withdraw from the ASEAN free trade agreement.
India’s decision to stay out of the China-backed Regional Comprehensive Economic Partnership, or RCEP, Asia’s mega free-trade agreement (FTA), has been met both with a sense of approval and disappointment and divided economists on the issue.
India will seek concessions for its rice exports to South Korea as Seoul levies a whopping 513% tariff on imported rice and buys rice from only five countries under its tariff rate quota regime.
The two aim for a free trade agreement (FTA) in the long run and have been working on an initial trade deal for almost two years amid a plethora of bilateral issues ranging from medical devices, agriculture, Harley Davidson motorbikes, e-commerce, totalisation pact, visa issues and disputes at the World Trade Organization.
India should not give any concessions to the US under any trade deal as subsidised imported milk and other dairy products would kill livelihoods in India especially when the sector is expected to create 11 million jobs in rural households.
Such a deal will have repercussions on our agricultural production and economy.
The deal is ready to be signed, but US says if India wants trade benefits under GSP restored, it must give business equivalent to that amount.
Piyush Goyal says India and the US will go for a preferential trade agreement first on 50-100 goods and services, followed by a larger free trade agreement.
India and the US are close to concluding an initial limited trade package followed by a possible bilateral free trade agreement (FTA).
US-India deal would greatly compromise India’s huge diversity of local seeds and plants which are conserved and reused by millions of Indian farmers year after year. It will also destroy India’s hope for food sovereignty.
India have to determine its way forward in this situation. Trump is focused on opening Indian markets for the imports of US agricultural products. India have to decide what we will ask in return from the US.
Benny Kuruvilla from ’Focus On The Global South’ sits down for a discussion with Prof. Biswajit Dhar on a potential trade deal between India and US.
A protest was staged to condemn the free trade agreement between India and United States of America in the fields of animal husbandry, poultry and other sectors.
President Trump said the United States and India were working on a major trade deal, but he was not sure if it would be completed before the US presidential election in November.
A farmers’ coalition, which represents millions of farmers nationwide, has urged the Government to desist from negotiating an interim trade deal with the US, saying it would be detrimental to the interests of Indian farmers.
India has offered to partially open up its poultry and dairy markets in a bid for a limited trade deal during US President Donald Trump’s first official visit.
Farmers groups and lobbies are now urging the Centre to ensure that agricultural products stay out of the ongoing Indo-U.S. trade negotiations as well.