Goyal to Meet Exporters, Industry on Feb 11 Amid US, EU Trade Pact Finalization

• Commerce and Industry Minister Piyush Goyal will meet export promotion councils and industry associations on February 11.
• The meeting comes as India finalizes trade pacts with the US and the European Union.
• India and the US have finalized a framework for the first phase of a bilateral trade agreement.
• The US agreed to reduce reciprocal tariffs on Indian goods from 25% to 18% and eliminated punitive 25% tariffs imposed last August.
• Indian exporters, especially in labor-intensive sectors, anticipate benefits from the US deal, as the US is a major export destination.