ENA Sectors 2025-03-11 15:01:51 <p><span style="font-size:14px"><strong>New Delhi, Mar 11 (KNN)</strong> Commerce and Industry Minister Piyush Goyal is set to hold discussions with export promotion councils on Thursday, addressing trade concerns amid potential reciprocal tariffs from the United States.</span></p> <p><span style="font-size:14px">The meeting comes at a crucial time as trade negotiations between India and the US continue without a formal agreement on tariff reductions.</span></p> <p><span style="font-size:14px">According to industry officials, exporters are anxious about the impact of US tariffs on Indias exports, particularly as the US remains Indias largest trading partner.</span></p> <p><span style="font-size:14px">The discussions are expected to focus on the proposed bilateral trade agreement, which has yet to materialise despite US President Donald Trumps recent claims that India has agreed to reduce tariffs.</span></p> <p><span style="font-size:14px">Goyal recently returned from Washington after trade talks with his US counterparts, where key issues such as tariff concessions and market access were discussed.</span></p> <p><span style="font-size:14px">Exporters believe that if the US extends duty concessions under the proposed trade deal, sectors like textiles, handicrafts, leather, and gems and jewelry could see significant growth.</span></p> <p><span style="font-size:14px">The US has also urged India to open its agricultural sector, a highly sensitive area protected in past free trade agreements due to the livelihoods of millions of farmers.</span></p> <p><span style="font-size:14px">US Commerce Secretary Howard Lutnick has emphasised the importance of greater market access, but India has been cautious in making commitments.</span></p> <p><span style="font-size:14px">Commerce Secretary Sunil Barthwal informed a Parliamentary Committee on External Affairs that no trade tariff agreement has been reached so far.</span></p> <p><span style="font-size:14px">The briefing also covered US President Trumps assertion that India has agreed to lower tariffs significantly. However, officials clarified that no formal commitment has been made by India regarding tariff reductions.</span></p> <p><span style="font-size:14px">As trade negotiations continue, India remains firm on protecting its economic interests while seeking a balanced trade deal. The outcome of Goyals meeting with export councils may shape Indias next steps in the ongoing discussions with the US.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41363 https://knnindia.co.in/news/newsdetails/sectors/piyush-goyal-to-meet-export-councils-amid-us-tariff-concerns 2025-03-11 15:01:51 knnindia.co.in