Following the release of the framework for an interim trade agreement between India and the US, Union Commerce and Industry Minister Piyush Goyal held a press conference to elaborate on the benefits of this deal. He emphasized that the US has applied zero tariffs on certain goods, which he highlighted as a significant advantage for India. This could potentially enhance trade relations and boost exports from India to the US market.

Goyal clarified that India has not provided any exemptions for agricultural and dairy products under the new agreement, maintaining a firm stance on these sectors. This indicates India's commitment to protecting its domestic agriculture and dairy industries despite the discussions surrounding trade liberalization. The minister's stance aims to reassure stakeholders in India that their interests will be safeguarded.

The implications of this trade deal could be substantial, potentially opening up more avenues for Indian exporters while fostering a stronger economic partnership with the US. As both nations navigate their trade relationships, this interim agreement could serve as a stepping stone for more comprehensive trade negotiations in the future, highlighting the ongoing importance of bilateral trade agreements in today's global economy.