After a border clash with China in which 20 Indian soldiers were killed, there are growing calls in India to shun Chinese products.
The FIEO said this is hurting "the export-import community to a large extent, a sizeable chunk of which belongs to the MSME sector".
The Reserve Bank on Friday cut the repo and the reverse repo rates to 4 per cent and 3.35 per cent respectively, extended the loan moratorium period till August 31 from May 31, and also extended the pre-and post-shipment credit for exporters from the existing 12 months to 15 months.
Centre has to take siblings on board and remove irritants to unleash the animal spirit of investors
Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said the global situation is becoming extremely challenging as rising protectionism is leading to uncertainty in global trade which will have adverse impact on it.
Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said this step would help increase trade in sectors such as carpets, handicrafts, sports goods, horticulture and food processing.
The organisation said the budget should encourage domestic manufacturing with a focus on imports substitution.
The government has stated that they would manually check their claims before issuing refunds.
Exports to China had stood at USD 6.37 billion in June-November 2017. In June and September 2018, the US announced high customs duties on several Chinese goods. In retaliation, China also raised levies on American goods.
Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said that a clarity is required on product coverage under rupee payment mechanism to Iran.
Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta is leading an 84-member business delegation to Syria for discussing ways to promote trade.
"There is huge exports potential in Iran but we are facing payment problems due to the US sanctions. Exporters are very apprehensive of taking orders. Future exports to Iran are looking uncertain," Gupta said.
Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said that with fluctuation in rupee value, global buyers start asking for review of contracts.
As part of the agreement, PayPal will work with FIEO to educate SMEs on how to leverage global opportunities, help them receive money in a safe and timely manner with PayPal products like invoicing as well as inform them of global best practices.
India is UAE's largest trading partner and export to the Emirates in 2016 touched USD 32 billion, FIEO (Federation of Indian Export Organisations) said in a statement.
"Reduction of the GST rate on supply of scrips like merchandise exports from India scheme (MEIS), service exports from India scheme (SEIS), duty free import authorisation (DFIA) from 12 per cent to 5 per cent follows the fitment formula adopted by the Council," FIEO president Ganesh Kumar Gupta said in a statement issued here.
India's export to Singapore grew by 23 percent in the last fiscal though overall exports grew by only 4 percent, he said, pointing out that the bilateral trade between India and Singapore was only 2.52 percent of India's overall trade.
Exporters have raised certain concerns after the implementation of the Goods and Services Tax (GST).
Under the partnership, entrepreneurs manufacturing, retailing and exporting products will be educated on the digital business opportunity, brand building, documentation, listing methodology and Amazon services, a statement said.
"We expect the merchandise exports to be around USD 315 billion and services exports to about USD 185 billion in 2017-18," Federation of Indian Export Organisations (FIEO) said in a statement.
The Federation of Indian Export Organisations (FIEO) said that during this challenging period, India witnessed double digit growth in exports in February after a long time.
The agreement, which seeks to ease customs norms, came into effect yesterday with two-thirds of WTO members ratifying the pact.
"Looking at the continuous positive trend of growth in exports, we are on our course to achieve exports of about USD 270-280 billion during the current fiscal. The focus in such challenging times should be on marketing with proactive support from the government," exporters' body FIEO President SC Ralhan said.
The Finance Ministry is likely to continue 3 percent interest subsidy scheme for exporters in the forthcoming Budget with a view to help them tide over the tough global trade environment.
"Since last January, we have managed to contain our trade deficit due to controls on imports, there is an immediate need to synergize our efforts and jointly take appropriate steps to boost India's exports - which is the only sustainable way in today's international trade environment," she said.