GJEPC focuses US reciprocal tariff proposal
Wishes government intervention over the tariff proposal Top representatives of India's gems and jewellery (GJ) sector have urgently briefed Hon’ble Commerce Secretary Sunil Barthwal, IAS, on the potential repercussions of the United States' recent notice regarding reciprocal tariffs. According to the White House, “For many years, the United States has been treated unfairly by trading partners, both friend and foe. This lack of reciprocity is one source of our country’s large and persistent annual trade deficit in goods-closed markets abroad reduce United States exports and open markets at home result in significant imports.” In the context, India fear that, the US anticipates higher tariff of 5% to 20% on imports of gem and jewellery from India. The delegation, led by Shaunak Parikh, Vice Chairman, GJEPC, along with Adil Kotwal, President, Seepz Gem & Jewellery Manufacturers' Association (SGJMA), and Sabyasachi Ray, Executive Director, GJEPC, presented a ...