NEW DELHI: The trade negotiators from India have stayed longer in Washington to sort out some differences, as both countries try to reach a trade agreement before July 9. That’s the date when US President Donald Trump’s higher US tariffs are expected to take effect.
The face-to-face talks were originally planned to end on June 27, but they were extended by a day. Last week, Trump said a “very big” deal with India could happen soon. However, one major disagreement between the two countries lies in the fact that the US is asking India to open its agriculture market to genetically modified crops. India has refused, saying such crops could harm its farmers.
India doesn’t want to sign any deal that doesn’t give better access to certain sectors or reduce tariffs on its exports, Bloomberg had said in a report.
Genetically modified crops, as the name suggests, are crops that are genetically modified in labs to change or improvise on some of its traits. Scientists alter the genes in the plant’s DNA for a variety of reasons including making it grow better, resist pests, survive harsh weather, or stay fresh for a longer period of time.
For example, a GM crop can resist insects, so farmers don’t have to spray as many pesticides. These crops can even be made to survive tough weather conditions like drought.
These changes don’t happen naturally, they are done using technology. Some people support GM crops because they can help grow more food. Others worry about how safe they are for health or the environment.
The US is asking India to reduce taxes on American farm and dairy products and allow the sale of genetically modified (GM) crops in the Indian market. But India has strongly said no to these requests. According to the officials, doing so could affect food safety, harm public health, and thus hurt millions of Indian farmers.
India’s team has also reportedly turned down a US offer to open up its farm and dairy markets more widely, saying these areas are sensitive both politically and economically.
While speaking to CNBCTV 18, Anjali Prasad, Former Indian Ambassador to the World Trade Organisation, said that farming and dairy are sensitive areas and India should not give in to pressure. She explained that nearly 60% of the population depends on agriculture and related sectors like dairy. She also said that GM crops can be harmful to human health, so India must strongly oppose letting them into the country.
With the July 9 deadline coming up and a possible 26% US tariff on Indian goods, Prasad supported the government’s decision to take its time. She said India should not be forced into making a quick trade deal. Instead, the country should stay firm, not give in to pressure, and wait to see how things develop.
Source: The Financial Express
