Comm min assures exporters to protect their interests amid US tariff threat
commerce ministry on Thursday assured domestic exporters, particularly those in labour-intensive sectors like leather and textiles, to protect their interests amid the US tariff threats, industry officials said. The issues related to the country's exports were discussed during a virtual meeting chaired by Commerce and Industry Minister Piyush Goyal.
«Held a stakeholder consultation meeting with Export Promotion Councils and Industry Associations to discuss strategies for strengthening India's export ecosystem.
»The optimism among our industry stakeholders in transforming global challenges into opportunities is truly encouraging. With an evolving global trade landscape, we explored ways to expand into new markets and strengthen competitiveness to drive India's export growth," the minister said in a post on X.
Sectors like steel flagged concerns over the possible impact of US tariffs on exports.
Commerce Secretary Sunil Barthwal and Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi also attended the meeting.
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One of the industry representatives, who participated in the deliberations, said that the ministry is working overtime on the proposed bilateral trade agreement with the US.
«The ministry assured that India's export interests will be protected,» they said, adding that the industry was advised not to be overly protective as «reciprocity» is the new world order at present.
The discussion assumes significance as Goyal has recently returned from Washington after holding trade talks
