Exports Expansion: Fast-Track Trade Talks Urged
Exporters urge the government to expedite trade talks with the US and EU, emphasizing potential boosts to India's shipments. Concerns include high US tariffs on Indian goods, affecting margins. The commerce minister discussed utilization of FTAs and upcoming legislative proposals amid challenges in agriculture negotiations.
- Country:
- India
Exporters are calling on the government to hasten the conclusion of trade negotiations with the US and the European Union, asserting that this move could significantly enhance the nation's shipment outputs.
In a recent meeting chaired by Commerce and Industry Minister Piyush Goyal, exporters highlighted the critical need to finalize these agreements, with specific emphasis on discussions with the US.
Concerns linger over the potential impact of high US tariffs on Indian goods, particularly affecting engineering exports. Amid ongoing agriculture discussions with the US, the commerce ministry plans to introduce a special economic zone amendment bill, aiming to advance trade opportunities.
(With inputs from agencies.)
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