India, Feb. 11 -- Chief Minister Omar Abdullah on Tuesday warned that the proposed India-US trade deal could have serious repercussions for Jammu and Kashmir's traditional economy, particularly its horticulture and dry fruit sectors, asserting that the Union Territory stood to lose far more than it would gain from the agreement. Addressing reporters outside the Jammu and Kashmir Assembly after proceedings were adjourned amid disruptions, CM Abdullah said duty-free imports of American agricultural products would directly hurt local growers who depend almost entirely on horticulture-related livelihoods.

Referring to the sectors reportedly covered under the interim trade understanding, the Chief Minister said items such as tree nuts, dry fr...