APEDA Chairman Predicts Strong Growth in Agri Exports to US Following Trade Agreement
The Agricultural and Processed Food Products Export Development Authority (APEDA) Chairman, Abhishek Dev, has expressed optimism about a substantial increase in Indian agricultural exports to the United States, following the recent trade deal between the two nations. In an interview, Dev highlighted that the agreement is expected to facilitate smoother market access and reduce trade barriers, paving the way for enhanced export volumes.
Key Sectors Poised for Expansion
Dev specifically pointed to sectors such as mangoes and grapes as having significant potential for growth. He noted that the US market has shown a growing appetite for high-quality Indian produce, and the trade deal will help streamline phytosanitary and regulatory processes, making it easier for Indian exporters to meet US standards.
This development is seen as a major boost for India's agricultural sector, which has been seeking to diversify its export destinations and reduce dependency on traditional markets.The chairman emphasized that APEDA is actively working to support exporters through various initiatives, including capacity building, quality certification, and market promotion. He mentioned that the authority is focusing on ensuring that Indian products comply with international norms to capitalize on the new opportunities.
Broader Implications for Trade Relations
This trade deal is part of broader efforts to strengthen economic ties between India and the US, with agriculture being a key area of collaboration. Dev's comments underscore the confidence within Indian trade circles about the positive impact of such agreements on export performance.
The expected uptake in agri exports is not only beneficial for farmers and exporters but also contributes to India's overall trade balance and economic growth.As the implementation of the trade deal progresses, stakeholders are keenly watching for tangible results in terms of increased shipments and market penetration in the US.