India & U.S. agree on an Interim trade framework
– Not a full FTA
Indian agriculture, dairy and farmer products protected
Fruits & grains protected
Dairy not included
No GM products allowed
0% duty access to US market for Indian exports
Spices, tea, coffee, Fruits & vegetables, Silk, handloom, Gems & jewellery, Pharma products, Smartphones & electronics
Markets opened selectively for US- DDGs, Wines & spirits (with minimum import price)
ndustrial products, Cosmetics, Organic & inorganic chemicals, Computer products
No mention of Russian Oil
— 500 Billion trade commitment over 5 years
It’s an Interim Deal, means
– Negotiations still open
– Pressure still on