India's Push to Eradicate Non-Tariff Barriers for Export Growth

The commerce ministry of India is creating a platform to address non-tariff barriers faced by exporters. This initiative aims to bridge the information gap and resolve complaints effectively, prioritizing barriers impacting substantial volumes of goods. The Global Trade Research Initiative suggests improving domestic systems and negotiating with international partners to meet the $1 trillion export target by 2030.

India's commerce ministry is building a platform to register non-tariff barriers (NTBs) faced by exporters, aiming to tackle these issues with the countries involved, a senior official stated. Currently, there's an information gap, especially for small items.

'We are creating a portal to prioritize all NTBs,' the official explained, 'Traders will log complaints, and the ministry will act on them.' Critical barriers affecting large volumes of goods will receive immediate attention.

Economic think tank Global Trade Research Initiative (GTRI) reported that India must accelerate efforts to remove NTBs in countries like the US, China, and Japan to reach its $1 trillion export target by 2030. GTRI suggests enhancing domestic systems and discussing solutions with trade partners to mitigate the impact of NTBs on exports.

According to GTRI co-founder Ajay Srivastava, 'Many Indian exports suffer due to protracted registration requirements and stringent domestic standards in various countries. India needs to engage in dialogues with partners for reasonable solutions.'

Indian exports frequently hindered by NTBs include agricultural products like chillies, tea, basmati rice, and poultry, among others, facing barriers globally. Additional products such as ceramic tiles, microbiological reagents, and veterinary pharmaceuticals also encounter hurdles in countries like Egypt, Mexico, and Russia respectively.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)