Key Points

Commerce Minister Piyush Goyal chaired a crucial meeting with exporters and industry associations to address rising global tariffs. Exporters highlighted challenges to competitiveness in international markets due to these tariff barriers. Goyal reaffirmed the government's commitment to safeguarding Indian exporters' interests through supportive policies. The meeting concluded with consensus on upgrading product quality and exploring alternate markets for sustained growth.

Key Points: Piyush Goyal Meets Exporters on Global Tariff Hikes and Trade Solutions

  • Discussed recent tariff increases on Indian products in key markets
  • Highlighted impact on competitiveness of Indian goods abroad
  • Emphasized need for sector-specific interventions and support
  • Urged exporters to upgrade quality and diversify supply chains
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Piyush Goyal meets exporters, industry chambers; discusses global trade dynamics

Commerce Minister Piyush Goyal meets exporters and industry chambers to address rising global tariffs, discuss challenges, and chart a path for India's trade resilience.

"They appreciated the Government's proactive engagement and assured their full support in enhancing India's trade resilience - Commerce Ministry"

New Delhi, September 3

Union Minister of Commerce and Industry, Piyush Goyal, chaired a meeting with Export Promotion Councils (EPCs) and Industry Associations on Wednesday to address rising global tariffs, explore solutions, and chart a path forward amid shifting trade dynamics.

The meeting saw the participation of representatives of EPCs and Industry Associations, senior officials from the Department of Commerce, and the Directorate General of Foreign Trade (DGFT).

According to a statement from the Ministry, the discussions primarily centred on recent developments regarding tariff increases on certain Indian products.

Exporters and industry representatives highlighted the challenges posed by these tariff barriers, their impact on the competitiveness of Indian goods in key international markets, and emphasized the need for targeted, sector-specific interventions.

Minister Goyal reaffirmed the Government's unwavering commitment to safeguarding the interests of Indian exporters amidst the evolving global trade scenario.

He assured industry representatives that the Government is actively engaged in creating an enabling environment to help exporters navigate recent challenges.

EPCs and industry associations from sectors including Textiles, Apparel, Engineering, Gems and Jewellery, Leather, Medical Devices, Pharmaceuticals, Agriculture, and Services raised sector-specific concerns.

"They appreciated the Government's proactive engagement and assured their full support in enhancing India's trade resilience," the commerce ministry said.

Emphasising a proactive approach, the Minister highlighted ongoing efforts to find long-term solutions in the national interest.

He urged exporters to upgrade product quality, align with global standards, diversify supply chains, and explore alternate markets. There was a broad consensus on the need for alternative mechanisms, with the Government committed to addressing sectoral concerns and driving sustained export growth

The Minister emphasized that India's long-term goal is to strengthen domestic manufacturing, boost exports. He assured EPC and industry representatives that the Government remains committed to providing a supportive ecosystem through ease of doing business initiatives, targeted trade support, and timely policy interventions to mitigate the impact of rising tariff measures.

- ANI

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Reader Comments

P
Priya S
Good to see Goyal ji taking initiative. But we need more than meetings - actual policy changes and support for MSME exporters who are struggling the most.
Aryan P
Diversifying markets is crucial! We've been too dependent on traditional markets. Time to explore Africa, Latin America, and CIS countries. Make in India should mean Export from India too! 💪
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Sarah B
As someone working in the gems sector, I appreciate the government's engagement. The compliance burden and certification requirements need simplification though. Hope they address that.
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Michael C
Quality upgrade is the key point here. Indian products need to match global standards to compete effectively. This meeting sounds promising for long-term trade strategy.
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Nisha Z
Hope they focus on service exports too! IT, healthcare, education - these are our strengths. Need better support for service sector exporters as well. 🌟

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