NEW DELHI: Commerce and industry minister Piyush Goyal informed Lok Sabha that the Government has implemented several measures including tariff and non-tariff measures to safeguard the interest of the country’s private and public sector firms and to enable them to sell their products in global markets at competitive prices.
“Tariff and non-tariff measures have been taken to regulate nonessential import of goods and services. Appropriate use of trade remedies by way of safeguard, countervailing and anti-dumping duties have been used to protect domestic manufacturers,” Goyal said in a written reply to a question on decline in India’s manufacturing sector.
“The sudden outbreak of Covid-19 has severely impacted more than 196 countries across the globe including some of the major players like the USA, European Union, UK, and India,” he said.
A common digital platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreements utilization by exporters. He also said the Government is promoting districts as export hubs.
In a separate reply, he said Indian pharma companies have secured 31% of the market authorizations granted by USFDA in 2019 -20, which shows that Indian companies continue to be able to introduce new products.
