NASHVILLE, Tenn. (RFD NEWS) — U.S. and Indian negotiators are nearing completion of an interim trade framework that could modestly reshape agricultural trade between the two countries, with tariff relief, clearer rules, and reduced non-tariff barriers at the center of discussions. While the final text has not been released, officials on both sides describe the agreement as being in its final technical stages.
For U.S. agriculture, the deal is expected to focus less on sweeping market openings and more on incremental access. Likely beneficiaries include oilseeds and vegetable oils, cotton, specialty crops such as tree nuts, and select feed ingredients, depending on how sanitary and phytosanitary rules are addressed. India has emphasized that politically sensitive sectors — particularly dairy and biotechnology — will remain protected.
India, meanwhile, is seeking smoother access to the U.S. market for rice, processed foods, spices, and seafood, along with more predictable customs procedures. Much of the practical value may come from reducing regulatory friction rather than headline tariff cuts.
If finalized, the agreement would provide exporters on both sides with greater certainty, even if its scope proves limited.
Farm-Level Takeaway: Incremental trade clarity with India could support select U.S. ag exports, but major gains hinge on future market-access talks.
Tony St. James, RFD NEWS Markets Specialist
New Season 11 Premieres Tuesday, February 13, 2024!
February 07, 2024 04:29 PM
In part six of his blog series,"Top 10 Developments in Ag Law and Tax in 2023,” farm legal expert Roger McEowen tackles issue #2, foreign ownership of ag land.
February 02, 2024 08:00 AM
·
In part five of his blog series, “Top 10 Developments in Ag Law and Tax in 2023,” Roger McEowen tackles issue number three, California’s Prop 12 pork regulations.
February 01, 2024 04:06 PM
·
In part four of his blog series, “Top 10 Developments in Ag Law and Tax in 2023,” Roger McEowen tackles issue number four, the Employment Retention Credit.
January 31, 2024 09:00 AM
·
In part three of his blog series, “Top 10 Developments in Ag Law and Tax in 2023,” Roger McEowen covers the Corps of Engineers’ mismanagement of Missouri River water levels.
January 30, 2024 02:29 PM
·
Two more key developments in ag law and taxation from 2023, a crackdown on biodiesel fraud and developments in self-employment taxation (#7 and #6), are the topic of today’s Firm to Farm blog post, the second in a series by RFD-TV agri-legal expert Roger McEowen.
January 18, 2024 12:44 PM
·