How India is likely to shield its farmers in US trade deal
GS3Economy · S&T · Environment · Security· External sector, trade & FDI· Mains·
Why in news
India and the United States have reached broad outlines for a trade deal where India aims to shield its small farmers by maintaining tariffs on key commodities like corn and soybeans.
Background
India is expected to maintain tariffs on corn, soybeans, and soymeal to protect small farmers. Conversely, India may lower tariffs on almonds, walnuts, pistachios, apples, pears, berries, fruits, vegetables, wine, and spirits.
Facts for Prelims
- FactIndia is likely to maintain tariffs on corn, soybeans, and soymeal in the proposed US trade deal.
- FactIndia may lower tariffs on almonds, walnuts, pistachios, apples, pears, and berries.
- FactThe trade deal involves reducing trade barriers for fruits, vegetables, wine, and spirits.
For Mains
Q. Discuss the challenges India faces in balancing trade liberalization with the protection of small and marginal farmers in international trade negotiations.
Dimensions to cover in your answer
- Food security vs. Trade liberalization: Balancing market access for US exports with domestic price stability for smallholders
- Asymmetric trade dynamics: Addressing the disparity between large-scale US agribusiness and India's fragmented agricultural landscape
Keywords: Trade Liberalization · Small and Marginal Farmers · Tariff Protection · Market Access · Trade Policy
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.