Opportunities for Indian craft craft in US retaliation too: Hhewa

NEIDA, APRIL 5 (IANS). The counter -implemented recipe (recipes) created a stir in the global trade world. Its direct impact is on all major exporters, including India. The Handlome Handicraft Exporters Welfare Association (HHEWA) believes that India can also create an opportunity for this industry with fewer rates on India than China and many other countries. Hhewa deeply studies the impact of this policy on Indian exporters. The organization, together with the Ministry of Trade, EPCH (Council for Exhibition Promotion) and HEPC (Handicraft Export Promotion Board), has begun discussions on the problems of exporters and their possible solutions. Hhewa believes that this fee can be a challenge for Indian exporters, on the one hand, it can also provide a golden opportunity. The organization also believes that a positive solution to the issue is possible due to good relations between Premier Narendra Modi and former US President Donald Trump. In 2024, India exported $ 87.40 billion to the US, while India imported $ 41.75 billion from America. America’s top 10 export products have precious gems, electronics, pharmaceuticals, mineral oil, machinery, textiles and clothing under the US. Hhewa also emphasized that the fee rate of 27 percent on the country is lower than other competing countries. For example, 34 percent on China, 46 percent on Vietnam, 37 percent on Bangladesh, 36 percent on Thailand and 32 percent on Indonesia. This is likely to give India a comparative benefit in the US in textile and clothing areas. Although Japan (24 percent), South Korea (25 percent), Malaysia (24 percent) and Britain and Brazil (10 percent) are low fees, compared to India, these countries are not as large competitors of India in that consumer market in America. The Hhewa says that the organization will continue to inspire exporters to fight not only these charges, but also to look for new opportunities while working under the vision of ‘developed India’ and ‘the world’s third superpower’ declared by the Premier. -Ians pkt/Ekd shares this story tags