Measures to Improve Balance of Trade

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  • Based on the applications filed by the domestic industry (DI) for imposition of anti-dumping duty on imports from various countries including China PR, Indonesia, Malaysia, Thailand etc., Directorate General of Anti-dumping & Allied Duties (DGAD) initiated anti-dumping investigations on imports from various countries.

  • Services, resolution of market access issues and other non-tariff barriers.

  • This is done through bilateral meetings and institutional dialogues. Indian exporters are encouraged to participate in major trade fairs in China to show-case Indian products.

  • Further, many measures have been taken to overcome the overall trade deficit. These include implementation of Merchandise Exports from India Scheme (MEIS) and Services Exports from India Scheme (SEIS), implementation of NiryatBandhu Scheme, Single Window Interface for Facilitating Trade (SWIFT) clearance project as part of ‘Ease of doing Business’, Interest Equalization Scheme in pre and post shipment credit, Special Advance Authorization Scheme, Trade Infrastructure for Export Promotion (TIES) Scheme etc.

Source:PIB