Fast track action to remove non-tariff barriers key to realise trillion-dollar merchandise export goal: GTRI report
China and Japan, to achieve one trillion dollar outbound shipment target for goods by 2030, a report by think-tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) has suggested a two-pronged strategy to mitigate the influence of NTBs on exports.
It asked for upgrading domestic systems, in cases where Indian products are rejected due to quality issues; and retaliating if unreasonable standards or rules continue to obstruct exports from New Delhi. «Many of India's exports suffer due to time taking prior registration requirements and unreasonable domestic standards/rules in many countries.
India must talk to partner countries for reasonable solutions,» GTRI Co-founder Ajay Srivastava said. He added that many of India's food and agriculture products face problems due to higher pesticide levels, presence of pests and contaminations due to foot and mouth disease.
«India must take each issue and address it in the shortest possible time,» Srivastava said adding «India's exports are far below potential as they face NTBs in the EU (European Union), USA, China, Japan, Korea and many other countries». Key Indian exports that routinely face high barriers include — Chillies, Tea, Basmati Rice, Milk, Poultry, Bovine Meat, Fish, Chemicals Products to EU; Sesame Seed, Black Tiger Shrimps, Medicines, Apparels to Japan; Food, Meat, Fish, Dairy, Industrial Products to China; Shrimps to the US; and Bovine Meat to South Korea.
Read more on economictimes.indiatimes.com
