Piyush Goyal encourages exporters to take long term view of India-US trade

IANS April 10, 2025 336 views

Union Minister Piyush Goyal recently convened a critical meeting with export promotion councils to discuss India's trade landscape. He praised exporters for achieving a record $820 billion export value despite global economic challenges. Goyal emphasized the importance of a long-term perspective in India-US trade relations and assured industry support. The meeting underscored the government's commitment to creating a conducive environment for exporters to thrive.

"Encouraged them to take the long term view of India-US trade and economic ties" - Piyush Goyal
Piyush Goyal encourages exporters to take long term view of India-US trade
New Delhi, April 9: Union Minister of Commerce and Industry, Piyush Goyal, on Wednesday held discussions with the Export Promotion Councils and industry bodies here in the light of the emerging trade scenario.

Key Points

1

Minister meets export councils to discuss bilateral trade strategies

2

Exporters achieve $820 billion export milestone

3

Government commits to supportive trade environment

4

Navigating global trade challenges with resilience

The meeting was called to deliberate on the impact as well as opportunities arising out of the evolving and very dynamic scenarios and to apprise the industry and trade about the steps being taken by the government.

“Held a very productive meeting with stakeholders of various Export Promotion Councils and Industry Associations. Deliberations focused on apprising stakeholders on the ongoing discussions with the US for a mutually beneficial multi sectoral Bilateral Trade Agreement (BTA),” said Goyal.

“Encouraged them to take the long term view of India-US trade and economic ties while making their commercial decisions and assured them that the government will work to provide a conducive environment to enable them to successfully navigate the recent changes in the global trade environment,” he added.

The Minister complemented the exporters and the industry for achieving the highest ever export of above $820 billion in the fiscal 2024-25 which is nearly 6 per cent growth over previous fiscal year.

In spite of multiple headwinds including the red sea crisis, Israel-Hamas conflict spilling over to Gulf region, continuation of Russia-Ukraine conflict and slow growth in some developed economies, the Minister lauded the Exporters for their resilience and efforts.

During the meeting, Goyal also apprised the exporters regarding discussions with the US for a mutually beneficial multi-sectoral Bilateral Trade Agreement (BTA).

He assured the exporters that the government will work to provide a conducive environment to enable them to successfully navigate the recent changes in the global trade environment.

Various Export Promotion Councils, representing a wide array of sectors, presented their views and outlook in light of the emerging challenges in global trade and requested the government to take proactive measures to support the export industry in these challenging times.

—IANS

Reader Comments

R
Rahul K.
This is encouraging news! Long-term thinking is exactly what we need in these uncertain times. Kudos to our exporters for hitting that $820B mark despite all the global challenges 👏
P
Priya M.
While I appreciate the government's efforts, I wish there was more clarity on the timeline for the US trade agreement. Exporters need concrete details to make proper business plans.
A
Amit S.
The resilience of our exporters is truly inspiring! Facing Red Sea crisis, multiple conflicts, and still growing exports by 6%? That's the Indian business spirit right there 🇮🇳
N
Neha T.
Hope the BTA negotiations include better terms for our textile sector. We've been struggling with US tariffs for too long. Fingers crossed for positive outcomes! 🤞
S
Sanjay P.
"Conducive environment" sounds nice but what specific support measures are being planned? Tax benefits? Logistics support? More details would help small exporters like me.
M
Meena R.
The US-India trade relationship is crucial for both economies. Glad to see proactive discussions happening. Let's hope for win-win agreements that benefit businesses on both sides!

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Tags:
Piyush Goyal India Exports US Trade Agreement Commerce Ministry Bilateral Trade
You May Like!