Sources said that New Delhi, April 5 (PTI) Indian exporters are better deployed to deal with additional American tariffs than their rivals, which are facing a lot of import duties in the US, sources said on Saturday.
He said that the areas that may be affected like a shrimp need to detect new markets like European Union to pursue their shipments.
“India has emerged as a winner in the mutual tariff imposed by the US,” said that “India’s first proposal advantage is interacting with the US on a bilateral trade agreement with the US.”
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While the US has imposed an additional 26 percent import duty on India, its competitor Vietnam is facing 46 percent tariffs, China 34 percent and Indonesia 32 percent and Thailand 36 percent.
Sources also said that the Ministry of Commerce is reaching domestic exporters about these tariffs. Work is progressing to create an export promotion mission to expand the support measures to exporters.
He also said that India has protected its dairy sector in all free trade agreements and will continue to do so.
The US-China trade war will also help Indian exporters to increase their shipment.
“The government is in such a situation to protect the domestic industry from any possibility of dumping goods,” he said. PTI RR TRB
This report is auto-generated with PTI News Service. ThePrint does not have any responsibility for its content.