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In February, the government halved the rate of duty benefits under the RoDTEP scheme.
In view of the evolving geopolitical situation in West Asia, the government has approved a time-bound and targeted intervention. Photo: AFP
Middle East crisis leads major shipping companies to suspend operations to/from the Gulf and Red Sea region, causing significant disruption to Kerala's exports.
President Trump said the Supreme Court verdict does not alter the proposed trade agreement with India.
The minister said the tariff reductions would immediately benefit labour-intensive industries such as textiles, apparel, leather and footwear.
For Kerala, the agreement opens up significant opportunities in marine products, spices, plantation crops, processed food and services, even as sensitive agricultural sectors remain protected.
Experts have warned that India’s exports to the US could drop sharply.
The tariffs could impact Kerala's seafood, coir, and cashew industries, potentially reshaping global trade and consumer behaviour.
Tea growers breathe easier thanks to the ‘Trump effect’ that brought peace in West Asia
The premier IT hub of the country houses 490 companies.
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