India has been trying to get priority country status from America for a long time. 2020 In India this status was over. If at the same time this status was restored, So the latest agreement would have been considered a bilateral benefit agreement. But now it seems to be the opposite.
Such trade agreements are rare, In which one country opens its market for new products of another country. The latest agreement between India and America seems to be of this category. The US has said that under this agreement, India will import American pork and its products. This will be the first time that pork products from the US will be exported to India. At the same time, America has welcomed the removal of restrictions on its agricultural products. That is, agricultural products of America will also come to India. In return, it has been told that the export of mango and pomegranate from India to America will resume., whom 2020 America stopped. Clearly this is not a new product to find a market. US Agriculture Secretary Tom Vilsack and US Commerce Representative Katherine Tye said in a statement, “For two years there have been attempts for American pork to find a place in the Indian market. This new opportunity is the result of those efforts and shows that India-US trade relations are moving in a positive direction.,
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Katherine Tye came to India in November last year. Then he talked about it in the Trade Policy Forum. He called the access of American pork to the Indian market essential. however, What will be the benefit to India under this agreement?, It is not stated. Therefore the question arises whether this agreement is commercial., Or India has given this concession to increase strategic relations with America, How is India benefiting from strategic relations with America?, It is not clear. But America is taking advantage of it in other areas as well., This is clear from the latest agreement. It is to be kept in mind that India has been trying to get priority country status from America for a long time. This is a plan of America called Generalized System of Preferences. Under this scheme, the US allows tax-free export of certain products from developing countries to its market. 2020 In India this status was over. If at the same time this status was restored, So the latest agreement would have been considered a bilateral benefit agreement. But now it seems to be the opposite.