Piyush Goyal ask exporters to move away from a “protectionist mindset” amid buzz on reciprocating tariffs

Minister of Trade Piush Goal, during a meeting with key trade promotion organizations, stressed India’s efforts to establish bilateral trade agreements with various economies to increase opportunities for Indian exporters. He assured the government’s support exporters in navigating global challenges.

The statement follows the background of the ongoing tariff disputes between different countries, including the pressure of the United States for India to reduce the tariffs of American goods. Despite this, India and the United States were committed to finalizing the agreement on bilateral trade until 2025.

There was home exporters to leave the “defensive mindset” from the heated tariffs.

“Touching upon mutual tariffs, he (Written) warned EPCs (export promotion tips) to get out of their protective mindset and is brave enough to deal with March 13.

Against the background of the budget statement for the export promotion mission, which emphasizes new products, markets and exporters, the existence of the industry to provide proposals to effectively form the schemes effectively.

Accepting the developing global landscape, the Minister assured that the government is working hard to ensure a prosperous future for Indian exporters and to protect the interests of goods and protect the interests of the nation.

“Noting that the government has reached the last stages of FTAs, in particular, the minister was positive that it would lead to much better opportunities for Indian exporters and will bring higher investments,” the ministry said.

India currently discusses free trade agreements (FTA), such as the United Kingdom, the European Union and Oman.

India-US trading deal

Recently, the center informed the Parliament of India and the US Programs in the trade negotiations. These discussions will focus on increasing market access, reduction of import duties, improving non-tariff barriers and improving the integration of the supply network.

According to Lok Sabha’s written response, Minister of Industry Jitiin Prasada said that the United States did not impose mutual tariffs in India at the moment.

On February 13, the United States issued a memorandum on mutual trade and tariffs. In this prompt, the US Trade Secretary and the United States Trade Representative (USTR) have been instructed to investigate any damage to America as a result of non-mutual trade agreements with commercial partners. They are required to provide a detailed report with the solutions offered to each partner.

Tariffs apply to the import responsibilities of the government and the companies have been paid to enter the entry of foreign products.

India is currently negotiating with FTAs, including countries and alliances, including the United Kingdom, the European Union and Oman.