How will the India-UK FTA impact Indian farmers?

The India-UK FTA is expected to open up premium markets in the UK for Indian agricultural products, offering duty-free access to staples like turmeric and processed goods. This is expected to drive a significant increase of over 20% in India's agricultural exports to the UK over the next three years.

What are the key benefits of the India-UK FTA for India's agriculture sector?

The FTA will help India's agriculture sector transition from a focus on high-volume to high-value products, and from catering to local markets to expanding globally. It will also protect India's most sensitive agricultural sectors, such as dairy, ensuring domestic farmers are not adversely affected.

What new opportunities will the India-UK FTA create for Indian farmers?

The FTA will open up opportunities for new and emerging products like jackfruit, millets, vegetables, and organic herbs, encouraging farmers to diversify and better manage domestic price fluctuations. It will also provide a major boost to India's fisheries sector, particularly in coastal states.

Home / Business and Economy / India-UK FTA to Unlock New Opportunities for Indian Farmers

India-UK FTA to Unlock New Opportunities for Indian Farmers

24 Jul

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Summary

FTA will offer duty-free access to Indian agricultural products in UK markets
Exports of Indian staples and processed foods expected to grow over 20% in 3 years
FTA will help transition Indian agriculture to high-value, globally-focused products

India-UK FTA to Unlock New Opportunities for Indian Farmers

The India-UK Free Trade Agreement (FTA), set to be formalized in the near future, is poised to be a game-changer for India's agricultural and food processing sectors. The FTA will open up premium markets in the UK for Indian produce, offering similar or even better benefits than those enjoyed by European exporters.

Indian staples such as turmeric, pepper, and cardamom, along with processed products like mango pulp, pickles, and pulses, will gain duty-free access to the UK market, improving their margins and market reach. India's agricultural exports to the UK are expected to grow by over 20% in the next three years, driven by this duty-free access for a wide range of products.

At the same time, the FTA will help India's agricultural sector transition from a focus on high-volume to high-value products, and from catering to local markets to expanding globally. The agreement also protects India's most sensitive agricultural sectors, such as dairy, ensuring domestic farmers are not adversely affected.

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