New Delhi: Commerce and Industry Minister Piyush Goyal on Wednesday told exporters that “Not to Dean” and assured them that India is working on a “correct mix and correct balance” for its proposed bilateral trade agreement (BTA) with the United States.
Goyal commented during a meeting by the Ministry of Commerce with the Export Promotion Councils and the Ministry of Commerce with the Ministry of Commerce, according to one, according to one, according to the emerging trade scenario due to high fees by US President Donald Trump. Government statement,
Trump has imposed an additional 26 percent duty on India, which came into force on Wednesday. He announced tariffs on several countries including India on 2 April, called it “Mukti Day”.
“Minister (Goyal) assured that the country is working in an active manner and searching for solutions that are in the best interest of the nation. The team working on the BTA is searching for the right mixture and correct balance and inspired the exporters to panic and see the silver lining in the current landscape,” the statement said.
during the meeting, Goyal Apart from this, it was emphasized that different countries are coming to impose tariffs in different ways. For example, China has imposed mutual tariffs, resulting in a tariff war with the US.
“As far as India is concerned, there is a possibility of increase in manufacturing, growth of additional jobs because it can attract big players in the global supply chain as India is capable of establishing itself as a trusted and reliable partner and with an analogical business -friendly destination,” Goyal said.
The meeting was asked to consult the opportunities arising out of the existing situation along with the impact, and to overcome the industry and trade about the steps being taken by the Center.
India and the United States are interacting with the current number of $ 191 billion up to $ 2030 to $ 2030 on a trade agreement for more than doubled to more than $ 191 billion. The first phase is targeted to be completed by September or October.
