The Peoples Democratic Party (PDP) expressed concerns on Sunday that the India-US trade deal may negatively impact the agricultural and horticultural economy of Jammu and Kashmir. The party emphasized that without protective tariffs, local farmers and producers could face severe challenges competing with imported goods.
PDP leaders urged the government to consider imposing tariffs or other safeguards to protect the region’s key economic sectors. They highlighted the importance of supporting local agriculture and horticulture to sustain livelihoods and regional development.
**Why this matters**
Agriculture and horticulture are vital components of Jammu and Kashmir’s economy, providing employment and income for a large portion of the population. Trade agreements that reduce tariffs can lead to increased imports, potentially undercutting local producers. Protective measures may be necessary to ensure the region’s economic stability and growth.
Source: NewsData