Page 11 - Exporters
Exporters raise concerns over a strong rupee eroding margins
The rupee has, however, been weakening of late amid growing geopolitical tensions
 "Exporters raise concerns over a strong rupee eroding margins")
New US worry for exporters
Indian exporters have reason to worry about the new Trade Facilitation and Trade Enforcement Act in America, signed into law this February.Under it, the US Customs may stop any imports for reasons such as health and safety, protection of intellectual property rights, currency manipulation, goods produced using forced or child labour, money laundering, bribery and various other practices which are held to put US industry at a disadvantage.The Act is already in force and India is seen as one of the countries under watch. US President Barack Obama had said while signing the new law that US industry needed protection and actually mentioned India in connection with dumping of steel products. Hala Bou Alwan, head of risk market development at media and information services entity Thomson Reuters, said: "The US Customs are under obligation to screen and grade whatever is imported, and ensure the exporter has not violated any prescribed norms." India should, she advises, be pro-active and ensu
