Tariff Barriers

The trade between both countries expanded rapidly over the last two financial years

The commerce ministry is developing a platform for registering non-tariff barriers (NTBs) faced by exporters and taking up with the concerned countries for their resolution, a senior official said. At present, there is an information gap on these barriers particularly for small items. "We are making a portal so that we can prioritise all the NTBs. Traders will register their complaints and the ministry will pursue that," the official said. In cases where the barrier is impacting a large volume of goods will be prioritised for their redressal and action-taking. Economic think tank GTRI in its report has stated that India needs to act in a fast-track manner for the removal of NTBs, being faced by domestic exporters in different countries like the US, China and Japan, to achieve export target of USD 1 trillion for goods by 2030. The Global Trade Research Initiative (GTRI) has suggested a two-pronged strategy to mitigate the influence of NTBs on exports. It asked for upgrading domest

Exporters asked the government to firm up a strategy to deal with the issue of non-tariff barriers imposed by trade partners that ultimately hurts India's exports

Holds meets with industry representatives; agreement at advanced stage

The secretary also mentioned the use of software in Employees' State Insurance Corporation (ESIC) hospitals to detect and respond to occupational health issues

Removal of non-tariff barriers in G20 nations such as minimum maturation condition for whisky will help in increasing exports of alcoholic beverages from India, apex body for liquor firms Confederation of Indian Alcoholic Beverage Companies (CIABC) said on Tuesday. CIABC Director-General Vinod Giri said that the G20 countries not only account for 80 per cent of global alcoholic beverages imports, they also allow higher product prices and better operating margins. However, India has a miniscule share of that pie, accounting for just 0.1 per cent of their imports. "It is therefore a massive opportunity not only from the volume point of view but also from the value and profits. G20 nations have great interest in it. While allowing them better access to our markets, we must ensure a return access by demanding the removal of non-tariff barriers such as minimum maturation conditions for whisky that these countries have put up to protect their own industry," Giri said. He added that many

Non-tariff barriers (NTBs) are gradually emerging as a potent tool to damage and even disrupt legitimate textiles trade, apparel export promotion council (AEPC) said on Thursday. As many as 131 NTB notifications are issued related to the textile sector since 2019 with Uganda at the top position with 71 notifications, it said. It was followed by Ecuador (10), China (8), Taiwan (7), Israel (5), USA (4), and Peru (3). These barriers include certifications, inspections, regulations, standards, SPS (sanitary and phyto-sanitary - related with plants and animals) measures, and technical barriers to trade (TBT). These measures are by and large in conformity with the rules of the World Trade Organisation (WTO). But when these measures are used unfairly, in violation of WTO agreements to discriminate against imports and restrict market access, then they become non-tariff barriers hampering legitimate trade. The council has organized a webinar on emerging non-tariff barriers in the apparel

Finance Minister Nirmala Sitharaman asked the Indian industry to be prepared against "tariff walls" which are likely to be imposed by nations undertaking green transitions, on Indian exports

The US has signed a mini trade deal with the European Union, but it is yet to respond to India's request

Despite effort, India hasn't succeeded in making an inroad into Chinese sesame seed and groundnut markets, due to a tariff barrier.Exporters have asked the ministry of commerce and industry for reviewing the Asia Pacific Trade Agreement, formerly the Bangkok Agreement, of which India and China are members. Signed originally in 1975, it is a preferential tariff arrangement that aims at promoting intra-regional trade. Bangladesh, Korea and Sri Lanka are also signatories.China has levied a nine per cent duty on import of sesame seed from India, the world's largest exporter of the product; China is the biggest importer. This has made the Indian export uncompetitive. In contrast, import from a number of African countries have no duty levied. "The issue was raised several times in the past with the Chinese government but there has been no progress," says Sanjiv Sawla, chairman of the Indian Oilseeds and Produce Export Promotion Council. China imports 800,000 tonnes annually; only two per ...