Trade agreements with the United States and the 27-nation bloc European Union have opened up an export opportunity worth nearly $400 billion for India’s agriculture sector, an official said on Monday, underlining the growing significance of trade diplomacy for farm growth.

At present, India’s agricultural exports to the US stand at around $2.8 billion, while imports from the country are limited to $1.5 billion, reflecting a favourable trade balance. Overall, India’s imports of agricultural goods are valued at about $35 billion, while exports are in the range of $51–52 billion, with both figures showing a steady upward trend.

“Through these trade agreements, we have opened up markets worth $400 billion, the EU and US combined. We are opening up a big opportunity for our agri sector,” the official said, adding that access to large developed markets could significantly boost farmers’ income and agri-based industries.

However, the issue has also triggered political debate, with opposition parties raising concerns over the possible impact of the trade deal with the US on Indian farmers. The government has sought to reassure stakeholders, stating that in any free trade agreement, India has not granted duty concessions in sensitive sectors such as dairy, poultry, and cereals, which are considered crucial for protecting domestic producers.