Farm, marine exports to be hit

US plans to end a preferential trade treatment to the country in the next two months.

India's farm, marine exports to be hit by US trade action: exporters' body

'We fear that our labour-intensive exports of agriculture, marine and handicraft products to the US would be hit hard,' said Ajay Sahai.

The dip should help traditional goods of India where the import competent is less except — gems and jewellery segment.

China was India's largest source country for imports during 2017-18.

The enhanced rates of duty drawback will be effective from January 25

FIEO has demanded a significant cut in import duty by Iran on basmati rice.