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

• Commerce Minister Piyush Goyal to meet export promotion councils and industry associations on February 11.
• Meeting comes as India finalizes trade pacts with the US and the European Union.
• US agreed to reduce reciprocal tariffs on Indian goods from 25% to 18% in first phase of bilateral trade agreement.
• US already eliminated punitive 25% tariffs imposed last August for purchasing Russian crude.
• Indian exporters, especially in textiles, leather, and gems, were impacted by high tariffs to the US, their largest export destination.