Comm, MSME, finance ministries to work on contours of Export Promotion Mission: Goyal

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Comm, MSME, finance ministries to work on contours of Export Promotion Mission: Goyal - YourStory

Quick Summary:

The mission will facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets.

"For example, meeting EU (European Union) CBAM (Carbon Border Adjustment Mechanism) regulations, we would like to support our micro and small units to be able to meet those requirements and certification requirements," Goyal said.

On the ways to resolve NTMs, citing an example, he said if a country has a very difficult terms of reporting or quality approvals, India should be in a position to support MSMEs in meeting those costs.