Exporters seek separate division for non-trade issues, faster customs clearance
Exporters requested the establishment of a distinct division within the Commerce and Industry Ministry to address non-trade barriers, particularly those related to environment and sustainability. During their discussion with Union Minister Piyush ...

The EU’s Ecodesign for Sustainable Products Regulation (ESPR), Deforestation regulation, Carbon Border Adjustment Mechanism and the US’ Inflation Reduction Act to establish green technology industries are some of the non-trade barriers that will hurt India’s exports.
Discussions on making Invest India a global trade promotion organisation of the country also took place at the meeting.
“The minister asked the top export sectors of electronics, gems and jewellery, engineering goods and petroleum products to increase their value addition,” said a person who participated in the meeting.
Issues on container availability at hinterlands and some shipping lines bypassing India were also taken up.
Mobile manufactures sought faster customs clearances to boost exports.
India’s goods and services exports in FY24 were at an all-time high of $778.2 billion.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.