Key Points
New Delhi: India will impose non-tariff barriers (NTB) on a reciprocal basis, commerce and industry minister Piyush Goyal said Tuesday, and asked industry to get out of the subsidy mindset...
Ye reciprocal hoga abhi (It will be reciprocal), Goyal said while chairing the second meeting of the reconstituted Board of Trade...
Today, I cant negotiate with foreign countries because I dont have the data on their non-tariff barriers, he said, and asked industry to look at utilisation of Indias free trade agreements especially the new ones...
We need to stand on our feet, on the strength of our capabilities, we should be in a position to compete with the world, he said, and also sought suggestions from the industry on further improving ease of doing business, cutting down compliance and logistics costs, decriminalisation of minor offences, and ways to attract investments...
State ministers, other senior officials of key line ministries, all major trade and industry bodies, export promotion councils and industry associations attended the meeting...
