India is committed to safeguarding the interests of its farmers during ongoing trade negotiations with the United States concerning agricultural market access. This was emphasized by Agriculture Minister Shivraj Singh Chouhan, who stated that India will thoroughly assess potential gains and losses before finalizing any agreement.

While the US is seeking greater access to the Indian market for its agricultural products, India remains cautious. The primary concern is to shield domestic producers from price volatility and any potential negative impacts that increased imports might have on their livelihoods.

In an interview, Chouhan addressed the question of how India would protect its farmers amid US pressure for greater market access for American agricultural and horticultural products. He asserted that India would not proceed blindly but would carefully evaluate the advantages and disadvantages, ensuring that any agreement reached would prioritize the well-being of Indian farmers.

Negotiators from both countries are currently working to establish a framework for the initial phase of a bilateral deal, with expectations that it will be signed by the fall of 2025. Chouhan acknowledged the ongoing discussions between India and the US, reiterating India's firm stance on protecting its farmers' interests. He also emphasized the need to consider overall trade dynamics when engaging in negotiations between two nations.

A report by NITI Aayog, titled "Promoting India-US Agricultural Trade under the new US Trade Regime," reveals the current state of agricultural trade between the two countries. In the three-year period ending in 2024, US agricultural and allied product exports to India were valued at approximately USD 2.22 billion. During the same period, India's agricultural exports to the US amounted to USD 5.75 billion. Key Indian agricultural exports to the US include frozen shrimp, basmati rice, spices, processed cereals, and other value-added products.

The US is particularly interested in expanding its exports of agricultural products such as corn, soybeans, and animal feed to India. However, these products face high Indian tariffs, particularly in the agricultural sector, where average tariffs can range from 39% to 50%.

Chouhan's comments reflect India's cautious approach to fully opening its agriculture and dairy markets, especially given the potential impact on domestic producers. The ongoing negotiations aim to find a balance that allows for increased trade while protecting the livelihoods of Indian farmers and ensuring the stability of the agricultural sector.