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Piyush Goyal assures help to exporters to deal with global trade uncertainties

Economic Times

Economic Times · 1m ago

Piyush Goyal assures help to exporters to deal with global trade uncertainties

Commerce and Industry Minister Piyush Goyal assured exporters of support in facing global trade uncertainties and steep US tariffs. He emphasized upgrading product quality, diversifying supply chains, and exploring new markets. Goyal promised a supportive ecosystem through business-friendly initiatives, targeted trade support, and policy interventions. Discussions with export promotion councils and industry associations focused on mitigating the impact of tariffs on Indian goods' competitiveness, highlighting the need for sector-specific solutions amid rising global tariffs.

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Business Today

Business Today · 6m ago

'Don't panic, look at silver lining': Piyush Goyal to Indian exporters amid Trump tariff tension - 'Don't panic, look at silver lining': Piyush Goyal to Indian exporters amid Trump tariff tension BusinessToday

Union Minister Piyush Goyal addressed Indian exporters amidst U.S. tariff tensions, advising them not to panic and focus on potential opportunities. He reassured that the government is monitoring global trade dynamics and actively supporting exporters. In discussions with Export Promotion Councils and industry bodies, Goyal emphasized a proactive approach in New Delhi, encouraging a positive outlook despite rising trade challenges.

Piyush Goyal to meet exporters on June 30 amid global tensions

Economic Times

Economic Times · 3m ago

Piyush Goyal to meet exporters on June 30 amid global tensions

Commerce and Industry Minister Piyush Goyal is set to meet exporters on June 30 to address India's export challenges amid global tensions, particularly in West Asia. The meeting aims to ensure continuity and stability in trade routes and prepare for upcoming trade agreements, including with the US, UK, and EU. With India's export targets ambitious, this meeting is crucial for strategizing amid global geopolitical shifts and securing sectors like textiles from potential tariffs.

Piyush Goyal likely to meet exporters on April 9 when reciprocal tariffs take effect

Business Today

Business Today · 6m ago

Piyush Goyal likely to meet exporters on April 9 when reciprocal tariffs take effect

Commerce and Industry Minister Piyush Goyal plans to meet exporters on April 9 to address reciprocal tariffs, notably the 26% US tariff on Indian goods. The meeting will explore strategies to mitigate tariff impacts, aiming to negotiate a bilateral trade agreement with the US and fast-track deals with other countries. Exporters seek government support through reinstating export incentive schemes. This follows Goyal's discussions with export councils on US trade issues in March.

ET World Leaders Forum: From Rajnath Singh to Piyush Goyal, top ministers to address who’s who of world Inc

Economic Times

Economic Times · 2m ago

ET World Leaders Forum: From Rajnath Singh to Piyush Goyal, top ministers to address who’s who of world Inc

Defence Minister Rajnath Singh is set to inaugurate The Economic Times World Leaders Forum, gathering business leaders and policymakers to discuss global challenges and opportunities. Key speakers include ministers Nitin Gadkari and Piyush Goyal. Discussions will cover themes like geopolitical uncertainties and emerging technologies. Singh focuses on enhancing defence capabilities and partnerships, while Gadkari drives infrastructure growth with green initiatives. Goyal steers trade policies and manufacturing incentives to boost the economy by 2047.

Ramp up manufacturing, diversify supply chain, cut import dependence: Minister Goyal tells industry

YourStory

YourStory · 3m ago

Ramp up manufacturing, diversify supply chain, cut import dependence: Minister Goyal tells industry

Commerce and Industry Minister Piyush Goyal urged the industry and exporters to enhance domestic manufacturing, diversify supply chains, and reduce import dependency, aiming for an Atmanirbhar Bharat. The government is committed to easing business operations, offering more market opportunities for exporters, and facilitating trade. Discussions at a meeting also covered free trade agreements and reforms for special economic zones. The minister encouraged exploring alternative sources for rare earth magnets amid China's export restrictions.

Piyush Goyal lauds TEPA coming into force; says India engaging with world from position of strength

Economic Times

Economic Times · 17d ago

Piyush Goyal lauds TEPA coming into force; says India engaging with world from position of strength

Union Commerce Minister Piyush Goyal praised the India-EFTA Trade and Economic Partnership Agreement (TEPA), noting it underscores India's strong global engagement. Effective from October 1, this deal, involving Iceland, Liechtenstein, Norway, and Switzerland, marks a pivotal moment in trade relations, enhancing India's access to European markets. Goyal highlighted India's robust stance on intellectual property laws within the agreement, emphasizing its role in attracting significant investments and job creation in the Indian economy.

India & Eurasia to launch FTA talks

Economic Times

Economic Times · 1m ago

India & Eurasia to launch FTA talks

India and the Eurasian Economic Union (EAEU), comprising Armenia, Belarus, Kazakhstan, Kyrgyz Republic, and Russia, will commence discussions for a Free Trade Agreement (FTA) in November. This initiative aims to diversify markets for Indian exporters and leverage regional natural resources, driven by India's commerce and industry minister Piyush Goyal and EAEU's trade minister Andrey Slepnev. With a collective GDP of $6.5 trillion, the FTA seeks to expand market access for India.

Announcement of India-US trade agreement has boosted biz confidence: Piyush Goyal

YourStory

YourStory · 8m ago

Announcement of India-US trade agreement has boosted biz confidence: Piyush Goyal

India and the US plan to negotiate a bilateral trade agreement to enhance economic ties and boost business confidence, as announced during Prime Minister Modi's visit to Washington. Commerce Minister Piyush Goyal noted this agreement aims to more than double bilateral trade to $500 billion by 2030. The deal seeks to transform world trade by leveraging competitive strengths. India is also expanding global partnerships through new trade agreements with countries like Australia, the UAE, and the EFTA bloc.

India's exports likely to grow 6 per cent this year: Piyush Goyal

Economic Times

Economic Times · 1m ago

India's exports likely to grow 6 per cent this year: Piyush Goyal

Union Commerce Minister Piyush Goyal expressed optimism that India's exports are projected to grow by 6% this year. Despite global challenges, India is advancing discussions on free trade agreements with several countries and extending its engagement in global trade. Goyal highlighted India's economic growth with a reduction in unemployment and ongoing infrastructure developments. Free trade talks are progressing with the European Union, Peru, Chile, and other nations, aiming for increased investment and trade expansion.

India raises concerns over mobility, non-tariff barriers faced by Indian exporters in EU

Economic Times

Economic Times · 1m ago

India raises concerns over mobility, non-tariff barriers faced by Indian exporters in EU

India and the European Union addressed concerns related to migration, mobility, visa processes, and non-tariff barriers affecting Indian exporters, including in Germany. The discussions occurred during a meeting between India's Commerce and Industry Minister Piyush Goyal and Germany's Minister for Foreign Affairs Johann David Wadephul. The meeting aimed at enhancing bilateral trade, focusing on innovation, sustainability, technology, and other mutual interests. Both parties agreed to address these issues for smoother trade flows and considered a proposed free trade agreement.

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