New Delhi, Aug 1
India does not make trade deals under any pressure or deadlines, and there is no chance to compromise on farmers, dairy and agriculture interests, government officials here said on Friday.
According to officials familiar with the subject, the 25 per cent tariff hike imposed by US President Donald Trump from August 1 is not at all alarming for the Indian markets.
“There is absolutely no chance of compromising on farmers, dairy and MSMEs, and no chance of allowing import of genetically-modified crops either,’ said officials, adding that "lower tariffs on Pakistan and Bangladesh will have no impact on us".
A US delegation is coming for the next round of trade talks by the end of August. The India-US trade negotiations are expected to continue and could bring some relief in the days to come.
Moreover, the recently concluded India-UK free trade agreement (FTA) has turned out to be a 'game-changing' deal that provides immense opportunities and benefits to farmers, businessmen, MSME sectors, young professionals and fishermen.