India-US trade deal: Farmers may get cover as tariffs on certain American agri-related products to ease over 10 years.
As India-US trade deal fine print surfaces, the government on Monday said that tariffs on imports of several agricultural and intermediate products from America will be phased out over a period of up to 10 years under the pact, which the government said will provide adequate adjustment space for domestic players.
Source: economictimes.indiatimes.com
Exports may hit $1 Tn in FY27 on new trade deals, tariff cuts.
Buoyed by its new trade agreements, India's goods and services exports in FY27 could rise to a record $1,000 billion in 2026-27, exporters said, as they expect orders to flow in with the US lowering tariffs on India to 18% from 50%. 'Orders have begun coming in for chemicals, shoes and marine products. We expect more orders to come in the next 10-15 days. India's exports in FY27 could rise to $1,000 billion,' said S C Ralhan, president, Federation of Indian Export Organisations (FIEO).
Source: economictimes.indiatimes.com
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India floats draft Digital Trade Facilitation Bill for e-trade documents’ legal recognition.
The government Monday sought comments on the draft Digital Trade Facilitation Bill, 2026, a bill that seeks to provide legal recognition, validity and enforceability to electronic trade documents and to regulate the use, management and cross-border recognition of digital identity and trust services. The draft text, released by the Directorate General of Foreign Trade (DGFT), seeks to create a statutory framework for recognising electronic trade documents and digital signatures.
Source: economictimes.indiatimes.com
Agri sector sees more hope than fear in Indo-US trade deal.
Coffee exporters have perked up, tea shippers hope to cash in on the low duty advantage, spices shippers smell good times, while seafood exporters hope for a big catch as the impact of the India-US trade deal sinks in among agriculture and allied sectors. Alongside this optimism, fears are also being raised in certain sectors over the trade deal. Apple growers are worried their returns will be affected, while traders say corn and soybean prices may be impacted by the import of Dried Distillers Grains with Solubles (DDGS), though many see only a limited impact of the lower of soybean oil tariff.
Source: thehindubusinessline.com
India may cap apple imports from US below 1 lakh tonnes at concessional 25% duty.
India is likely to allow import of a maximum volume of 1 lakh tonnes of apples per year from the US at a concessional duty of 25 per cent. This will likely reduce share of other countries like Iran and Egypt while maintaining the overall overseas buying at the current level of 5.5 lakh tonnes, sources said, adding it is unlikely to impact domestic farmers, nor lower prices.
Source: thehindubusinessline.com
Our farmers are protected, our exports to the US are poised for a boost: Piyush Goyal.
Indian industry must make the most of the huge opportunities that the India-US trade deal has opened up, Commerce & Industry Minister Piyush Goyal has said. From safeguarding the 'red lines' of Indian farmers to outlining a massive $500 billion five-year import roadmap fuelled by energy & aviation sourcing and tech cooperation, Goyal broke down the architecture of the newly finalised India-US Interim Trade Framework in an interview with businessline.
Source: thehindubusinessline.com
India’s coffee exports set to cross $2 billion mark in FY26.
India’s coffee exports are set to cross the $2 billion (little over Rs 18,000 crore) mark in value terms in the fiscal year ending March 31, 2026. Despite global geopolitical challenges, green bean exports at the beginning of February touched $1.72 billion.
Source: deccanherald.com
India to end imports of fruits, vegetables and flowers: Chouhan.
India aims to end imports of fruits, vegetables and flowers by strengthening domestic production and making horticulture more profitable for farmers, Union Minister for Agriculture and Farmers’ Welfare Shivraj Singh Chouhan said on Sunday.
Source: tmv.in
Basmati Rice to Boom in US Market, Says Shivraj Chouhan on India-US Deal.
Union Agriculture Minister Shivraj Singh Chouhan on Saturday said the government has protected major crops and dairy products while prioritising farmers’ interests in the interim framework of the India–US trade agreement.
Source: deccanchronicle.com
India-US trade deal to open $30 trillion market for Indian exporters: Piyush Goyal
The India-US trade pact will open a USD 30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen, Commerce and Industry Minister Piyush Goyal said on Saturday.He said the increase in exports will create lakhs of new job opportunities for the country's women and youth."Under the decisive leadership of PM @NarendraModi ji, India has reached a framework for an Interim Agreement with the US. This will open a USD 30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen," Goyal said in a social media post.
Source: https://economictimes.indiatimes.com