Dairy sensitive sector, no plans to give duty concessions under FTA: Goyal

Quick Summary:

Commerce and Industry Minister Piyush Goyal on Wednesday said dairy is a sensitive sector in India as it involves livelihood issues of small farmers and there are no plans to give duty concessions under any Free Trade Agreement (FTA) in this area.

He said India has not given any duty concessions in the dairy sector even to Switzerland and Norway under the EFTA (European Free Trade Association) trade pact, which was signed in March.

With Australia also, he said, the sector was discussed but India clearly conveyed the sensitivities involved in this area.

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Category: BusinessFinance

Markets: IndiaAustraliaNorwaySwitzerland

Topics: FTA Dairy Piyush Goyal Commerce and Industry Minister Goyal

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 19:09:49 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 22707102

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