New Delhi, Feb. 3 -- The India-US trade agreement protects all sensitive sectors for New Delhi, Union commerce minister Piyush Goyal said, signalling the government's commitment to the welfare of farmers, fishermen and the dairy sector.

Once the agreement takes effect, US tariffs on Indian goods will fall from a steep 50% to 18%, reviving the competitiveness of Indian exports. While the full contours of the agreement are not released yet, the minister said the trade pact is currently in the final stages of technical detailing between the negotiating teams of both countries.

"A joint statement by India and the US will be issued shortly once the final understanding is inked and the technical processes are completed," Goyal said on Tuesday...