The India-Australia Economic Cooperation and Trade Agreement has opened doors for the sale of several premium products in India.
However, India has excluded dairy and agriculture-based products from this agreement to protect the interests of local farmers. This move is facing resistance from the United States, which is demanding lower tariffs on all products, including agricultural produce.
While premium products like Washington apples and Californian almonds and pistachios are already available in Indian markets, the US wants increased access for its dairy and cereal preparations, many of which are industrially produced and may end up directly competing with products of small domestic farmers if exempted from all duties.
The India-Australia Economic Cooperation and Trade Agreement (ECTA) has paved the way for the sale of premium products in India. However, the Indian government has strategically excluded dairy and agriculture-based products from the agreement to safeguard the interests of local farmers. This move has led to friction with the United States, which is pushing for lower tariffs on all products, including agricultural goods.
As an American delegation visits New Delhi to negotiate the terms of a proposed bilateral trade agreement, the discussion around agricultural trade remains a critical issue.
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