India–US Trade Deal a Milestone For Global Economic Stability: CM

VIJAYAWADA: Chief Minister N. Chandrababu Naidu on Tuesday described the India–US trade agreement as a historic milestone that would significantly strengthen global economic stability.

Congratulating Prime Minister Narendra Modi for successfully concluding the landmark deal, Naidu said the pact would further deepen ties between the world’s two largest democracies.

Calling it a far-sighted decision that would support sustained global growth, the CM expressed confidence that India would emerge as a stronger global economic power under Modi’s leadership.

Naidu said the agreement would open up wide-ranging opportunities for the youth and farmers of Andhra Pradesh, particularly through enhanced trade and investment flows.

Echoing similar sentiments, Deputy Chief Minister K. Pawan Kalyan congratulated the prime minister, noting that concluding two major global trade agreements within a week had infused fresh momentum into the national economy. Referring to the recent pact with the European Union as the “mother of all deals,” he said the agreement New Delhi now finalised with the US would further reinforce India’s economic future.

Pawan Kalyan said the reduction of US tariff from 25 per cent to 18 per cent would offer significant relief to farmers, while the rise in exports could translate into better incomes. He thanked the PM for taking timely and decisive steps aligned with the aspirations of the people.

Education minister N. Lokesh termed the agreement a “big win for India,” stating that the tariff reduction would boost exports and manufacturing. Andhra Pradesh’s marine seafood exports, MSMEs, agri-exports and emerging manufacturing hubs would benefit India and AP directly. He lauded the negotiating teams, the commerce and industry ministries, and the leadership of both countries for the breakthrough.

Terming the reduction in US taxes a “game changer” for India’s economic growth, Telugu Desam Rajya Sabha MP Sana Satish Babu on Tuesday said the development marked yet another historic economic achievement under the leadership of PM Modi.

The MP said the India–US trade deal stood as a fresh testament to PM Modi’s visionary leadership. “India now enjoys one of the lowest tax rates among Asian countries, a move that would significantly enhance the global competitiveness of ‘Made in India’ products in international markets, he felt.

Satish Babu expressed happiness over the substantial benefits this would bring to Andhra Pradesh, especially its coastal regions. The aqua and marine food products exported from Kakinada would gain easier access to global markets.

“This will provide economic security and renewed hope to thousands of fishermen, shrimp farmers and exporters,” the MP said.