Business• Updated
India Protects Farmers and Dairy in Trade Deals by Banning Modified Goods
Reported by Kavya Rao (Senior Writer) · Business Standard - Top Stories ·
UPDATE - follow-up to India will never allow imports of genetically modified products: Goyal: Commerce and Industry Minister Piyush Goyal on Tuesday stated that India has never allowed imports of any genetically modified goods and will keep this ban in place.
Trade Deals
While addressing students at Kirori Mal College, Goyal noted that the dairy sector remains protected because the country has not given duty concessions for it in any free trade agreement. He explained that India guards sensitive areas like agriculture, marine items, and dairy to shield local farmers, fishermen, and MSMEs.
Cultural Rules
The government also blocks items that clash with local religious beliefs. Imported dairy goods must hold strict certification to prove they avoid calf meat or rennet, which is an enzyme from young calves used to make cheese.
Market Goals
India targets preferential market access for textiles, pharma, gems, and jewellery so duties on Indian goods stay lower than those from nations like China, Vietnam, and Indonesia. Goyal added that the government pushes local manufacturing and startups to create new jobs.
Context
Trade pacts often involve complex negotiations where countries balance protecting local industries like farming and dairy against demands to open up markets. Nations use duty rules and product bans to shield domestic producers from foreign competition.
What changed since yesterday
- India Will Never Allow Genetically Modified Imports, Says Piyush Goyal
Latest
India Protects Farmers and Dairy in Trade Deals by Banning Modified Goods
More in Business
Business• UpdatedVerified — Confirmed by a second source: Business Standard - Top StoriesMajor
India bars GM food imports and keeps dairy out of trade deals, says minister
Reported by Ishita Mukherjee (Staff Writer) · The Hindu - Business ·
