India Partially Opens $580 Billion Agri Sector to Secure US Deal

India has proposed opening up parts of its agriculture industry to cheaper imports from the US, a move that may lower food and feed costs but intensify pressure on some domestic farmers.

The world’s most populous nation agreed to cut or eliminate import duties on US food and agricultural products, including distillers dried grains, red sorghum for animal feed, soybean oil, tree nuts, and fresh and processed fruit, according to a joint statement on the framework for an interim trade deal. India also agreed to address long-standing non-tariff barriers to the trade in US food and agricultural products.

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