FIEO President Ganesh Kumar Gupta said they completely support the government in action against exporters who are following fraudulent practices.
Bilateral trade is likely to be an important topic of discussion during Pompeo's key talks with the new Indian leadership.
WTO's 21st Monitoring Report on trade measures of the bloc was issued on June 24 and comes days ahead of the G20 summit in Japan.
US President Donald Trump has already imposed 25 per cent tariffs on USD 250 billion in Chinese imports and China has retaliated with tariffs on US goods.
India exported 319,000 tonnes of finished steel in May, down 28% from the same month last year and the lowest level since April 2016, the data showed.
Sustaining high growth and creating good jobs will require a strategy centred on building an export friendly ecosystem in the country.
Another meeting on the same lines is likely to be held in a month. The department is also likely to come out with the draft national retail policy in the next fortnight to seek comments from the trader community.
Every $10 increase in the price of a barrel of crude widens India’s CAD by about 0.4% of GDP.
The plan will help grow India’s manufacturing base and will aid Modi’s flagship ‘Make in India’ initiative.
Given Trump’s ‘America First’ approach and PM Modi’s intent to be seen as a strong and decisive leader, US-India divergences are likely to grow.
"India remains a complex place to do business, but with reforms instituted by the Modi government, barriers have fallen and many processes have been simplified.
Amid trade war, there is likely to be big disruption in flows and a certain manufacturing diversification of risks away from China.
The two countries have differences over Russian arms sales to India and US sanctions on China's Huawei.
AMAI said the demand for caustic soda has been growing at 5% CAGR during the last four years and by 7% for soda ash.
Chinese officials hope that India, which is also facing trade frictions with the US would join the fight against Trump's "protectionist" policies.
The delegation is making this visit on the invitation of Monetary Authority of Singapore (MAS) and Infocom Media Development Authority of Singapore (IMDA).
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service