The government has asked Indian Institute of Foreign Trade to prepare a report on the impact of the enlargement of the European Union in the country exports.

The report analyses the impact and developing a plausible negotiating strategy for India with respect to elements of export interest.

The three main points identified in products negotiable “, where most favorites nationality prices are probably related to increase, leather, textiles and chemicals.

The study, in collaboration with the Federation of Indian Export Organizations, the government’s proposals on the basis of feedback from exporters, FIEO said.

IIFT has already initiated discussions with exporters in this context, in the land of the major cities of Chennai and Mumbai.

With the European Union’s largest trading partner and second largest source of foreign direct investment in India, its current expansion is certainly have a great influence on the Indian economy in general and especially exports.

In the area of market access, it is estimated that in the case of new members joining the EU, tariffs on products are not be bound.

Some experts believe that since the EU already has a wide variety Tarrif barriers unavailable, it is unlikely that migration tarrifs.

NEW DELHI: exporters can look forward to help from the government for the suffering caused by the floods in value of the rupee. The government is considering a bailout package, the best repayment of freedom and tariffs pass book (DEPB), the rate of credit, exemption from the tax service, the reduction of insurance premiums and lower fares credit insurance for export.

In addition, banks over 15% of credit guarantees to export to pay. “The Ministry of Finance is invited, service and reimbursements exemption for exports of the announcement of the foreign trade policy, without delay, the Minister for Commerce and Industry Kamal Nath said Wednesday after a meeting with representatives of various organizations for export.

The rupee is 9.7% since December and nine years reached a peak of Rs 40.28 late May. The currency is indeed risen from 13% in the past two months alone, verbeulend the competitiveness of Indian exports. More importantly, textiles, leather goods and services exporters were hit, given that the United States is the largest market for them.

“Due to the rise of the rupee, the realization of chemicals increased by 12% and 6.5% for textiles. Dip Exports are expected to be 20-25% for processed food products and the Agriculture, objects, electronics, electrical equipment and steel products, “Federation of Indian Export Organisations (FIEO) GK Gupta,” said the President.

The ministry Commerce North Block, the tax rate to neutralize DEPB-systems such as the refund of customs duties, and 5%. The Ministry of Finance was also asked to reduce the interest rate on the pre - and post-issuance of credit issuance of 6% to 9-11%. The government can also exchange income groups’ foreign currency accounts interests.

“Every terminal residues of excise duty and VAT, the central reimbursement would be deleted by June 30. The Export Credit Guarantee Corporation to reduce their premiums of up to 10% with immediate effect, “said Nath. With 8 million new jobs expected, suffer due to the slowdown in export-oriented industries, the government soon submit a panel to assess the loss of jobs and new markets in the recovery Rupee.

The Committee, under the leadership of Secretary additional R Gopalan, representatives of trade, the textile and labour ministries, the Director General of Foreign Trade and Indian Institute of Foreign Trade. It will submit its report within 30 days, “said Nath.

Exporters have also stressed the Finance Minister P Chidambaram emergency assistance to cope with the challenges arising from the development of the rupee. Now they are planning a petition to the Prime Minister’s Office, cited the risk of job loss, while others will be affected. So far, there are no signs for the Ministry of Finance, the proposed bailout package for exporters.