Overcoming trade barriers is a critical challenge for Indian exporters aiming to establish a strong presence in the global market. The Engineering Export Promotion Council (EEPC) India plays a pivotal role in assisting exporters to navigate and surmount these obstacles. This article delves into how EEPC India aids exporters in tackling both tariff and non-tariff barriers, providing valuable insights and support mechanisms.

Understanding Tariff and Non-Tariff Barriers

Tariff barriers refer to taxes or duties imposed on imported goods, which can increase the cost and reduce the competitiveness of exports. Non-tariff barriers (NTBs), on the other hand, encompass a range of restrictive regulations and policies other than tariffs, such as quotas, import licensing systems, sanitary regulations, prohibitions, and other administrative and technical requirements. These NTBs can significantly impede market access for exporters.

EEPC India’s Role in Overcoming Tariff Barriers

EEPC India, established in 1955 under the sponsorship of the Ministry of Commerce & Industry, has been at the forefront of promoting engineering exports from India. With a membership base exceeding 12,000, of which 60% are small and medium-sized enterprises (SMEs), EEPC India actively contributes to policy formulation and serves as a bridge between the engineering industry and the government.

To mitigate tariff barriers, EEPC India engages in policy advocacy, representing the interests of exporters in discussions with government authorities. By providing feedback and recommendations, EEPC India influences trade policies to create a more favorable environment for exporters. For instance, in response to challenges faced by engineering exporters, EEPC India has suggested measures such as expediting no-objection certificates (NOCs) for steel consignments and including steel in the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme.

Addressing Non-Tariff Barriers through EEPC India’s Initiatives

Non-tariff barriers often present more complex challenges than tariff barriers. EEPC India assists exporters in navigating these obstacles through various initiatives:

1. Information Dissemination: EEPC India provides exporters with up-to-date information on international standards, technical regulations, and compliance requirements. This empowers exporters to meet the necessary criteria for market entry.

2. Capacity Building: Recognizing the importance of adhering to international standards, EEPC India organizes training programs and workshops to enhance the capabilities of exporters. These programs focus on quality assurance, certification processes, and best practices in manufacturing.

3. Trade Facilitation: EEPC India organizes buyer-seller meets, both in India and abroad, as well as participation in international trade fairs and exhibitions. These platforms enable exporters to showcase their products, understand market demands, and establish direct contacts with potential buyers, thereby reducing the impact of NTBs.

4. Policy Advocacy: EEPC India actively engages with international bodies and foreign governments to address NTBs that hinder Indian exports. By voicing concerns and negotiating terms, EEPC India strives to eliminate or reduce such barriers.

Impact of EEPC India’s Efforts

The concerted efforts of EEPC India have yielded positive outcomes for Indian exporters. For example, India’s engineering exports have seen significant growth, reaching $76.2 billion in the fiscal year 2023-24. This growth is indicative of the effectiveness of EEPC India’s initiatives in mitigating trade barriers and promoting exports.

Altus Exports: Partnering with Indian Manufacturers for Global Success

While organizations like EEPC India provide macro-level support, individual manufacturers also require tailored assistance to navigate the complexities of international trade. Altus Exports stands as a premier merchant exporter, dedicated to bringing India’s vibrant products to the world.

Altus Exports specializes in exporting high-quality textiles, handicrafts, chemicals, and food products. The company is committed to quality, sustainability, and customer satisfaction, making it an ideal partner for manufacturers aiming to expand globally.

How Altus Exports Assists Manufacturers

1. Expertise in Finding Buyers: Altus Exports excels in identifying potential buyers across various international markets. Leveraging a deep understanding of market trends and buyer behavior, the company matches products with the right buyers.

2. Access to Comprehensive Databases: With subscriptions to numerous databases and information sources, Altus Exports provides up-to-date market intelligence, identifying new opportunities and understanding market dynamics.

3. Skilled Marketing Team: The company’s marketing team utilizes a blend of traditional and digital marketing techniques to raise product awareness, generate leads, and convert them into orders.

4. Extensive Network: Over the years, Altus Exports has built a vast network of contacts and partners across various industries and regions, facilitating smoother market entry and quicker establishment of products in new territories.

Partnering with Altus Exports

Manufacturers interested in expanding their global footprint can partner with Altus Exports by providing details through the company’s partnership page. Altus Exports seeks manufacturers who produce export-quality products, aspire for global expansion, and possess the necessary documentation and certifications for seamless export operations.

By collaborating with Altus Exports, manufacturers can leverage the company’s expertise and network to navigate international markets effectively. This partnership model simplifies the complex process of exporting, helping manufacturers tap into new markets with ease.

Conclusion

Overcoming trade barriers is essential for the success of Indian exporters in the global marketplace. Organizations like EEPC India provide invaluable support through policy advocacy, capacity building, and trade facilitation, enabling exporters to navigate both tariff and non-tariff barriers. Complementing these efforts, companies like Altus Exports offer personalized assistance to manufacturers, helping them establish and expand their presence in international markets. Through such collaborative efforts, Indian exporters can achieve sustained growth and global recognition.