Emphasis on protection of India's agricultural sector in trade agreement with US

-

Mumbai, Ta. 24 August 2020, Monday

India should not provide any concessions to the US agriculture and dairy sector in the ongoing limited trade agreement with the US and in the subsequent proposed trade agreement. Some experts are of the opinion that cheap dairy products will be a lifeline for Indian farmers.

In India, the dairy and agriculture sector is not a trade but the livelihood of millions of people depends on it. The US dairy sector receives વર્ષે 5 billion a year in subsidies. Concerns were raised at a webinar on the Indo-US trade agreement on how Indian farmers could compete with these cheaper products if they started coming to India.

The US is seeking relief from India in a small bilateral free trade agreement on dairy products, including milk powder. The trade deal is set to be finalized soon, Commerce Minister Piyush Goyal said recently.

The US wants India to immediately reduce tariffs on some agricultural products besides apples, soybeans, soybeans and almonds.

India has so far opposed the demand for concessions in areas like agriculture, medical equipment, telecom, e-commerce, which has made a full-fledged trade agreement between the two countries impossible.

Farmers in the US, like in India, have a large vote bank, so the current Trump administration is likely to force India to sign agricultural contracts to please its farmers. Elections are scheduled for November in the United States. Therefore, Indian farmers need to be vigilant in this regard, said an analyst.

Farmers' incomes in the United States are declining and they are currently going through difficult times, he added. The United States is trying to exert pressure through the World Trade Organization and bilateral trade talks.


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more