Goyal stresses need for export diversification amid tariff heat

Commerce and Industry Minister Piyush Goyal held discussions with exporters and the industry on key issues, including the ongoing advanced free trade agreement (FTA) talks with the European Union (EU), Chile and New Zealand, and the challenges pertaining to the quality control orders (QCOs).

- SHREYA NANDI

Goyal reiterated the need to focus on diversification of the export market, considering the current volatile geopolitical environment and higher tariffs imposed by the US on several Indian products.

‘The discussion took place as Goyal chaired a meeting with export promotion councils (EPCs) and industry associations at Vanijya Bhawan on Wednesday evening.

‘An industry official, who attended the meeting, said that the minister wasn’t too glad with the export market diversification being made and suggested that more efforts be made on that front.