Garment cos call for FTAs with EU, UK, US, Australia

Garment cos call for FTAs with EU, UK, US, Australia

Readymade garments exporters have asked the government to expedite free trade agreements with high potential markets such as the EU, the UK, the US, Australia and Canada which could lead to exports doubling in three years’ time.

The Apparel Export Promotion Council (AEPC) has urged the Centre to expedite free trade agreements (FTA) with high potential markets such as the European Union, UK, US, Australia and Canada which could lead to exports doubling in three years’ time.

AEPC chairman, A Sakthivel said that India’s principal export markets, including the US, the UK and Europe, were badly impacted due to the pandemic. Seeking a review of India’s trade pacts with these countries, Sakthivel pointed out the recently, Vietnam, too, concluded a FTA with the EU and most competitors were leveraging such FTAs in a big way to enhance their cost competitiveness. An important area that can supplement your efforts in this direction is improving export competitiveness through a comprehensive review of India’s trade agreements, through a fast-tracked mechanism, with EU, UK, US, Australia and Canada.

Also read: Euratex presents Covid-19 recovery strategy for textile

The Council pointed out that Indian apparel exports have a duty disadvantage of 9.6 per cent in the EU market as compared to competitors like Bangladesh, Cambodia, Sri Lanka and Pakistan. Most of these countries get duty concessions under schemes such as Generalised System of Preferences.

Also read: Planning for revival in textile industry

“There is an urgent need to have a level playing field in terms of market access and margin of preference in our biggest global market and to rectify the distortion that we are suffering,” Sakthivel said.

An FTA with the US, which has a 27 per cent share in India’s total garments exports, may have a significant impact on India’s apparel exports to the country as on certain items like MMF-based apparel, which India is promoting, there is a peak tariff of 28 per cent. The council also sought CEPA with Canada and Australia.

CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (92)
  • comment-avatar

    Dear immortals, I need some wow gold inspiration to create.

  • comment-avatar

    strongest prescription allergy medication best allergy pill allergy over the counter drugs

  • comment-avatar
  • comment-avatar

    drugs that cause vomiting continuesly buy zyloprim 100mg

  • comment-avatar

    best dermatologist acne medication order cleocin pills doctor prescribed acne treatment

  • comment-avatar

    prescription vs over the counter oral ventolin prescription medication for severe allergies

  • comment-avatar

    order generic isotretinoin 40mg isotretinoin 20mg usa isotretinoin drug

  • comment-avatar

    amoxil online order cost amoxil 250mg order amoxicillin 500mg pill

  • comment-avatar

    cheap sleeping pills online order meloset 3 mg generic

  • comment-avatar

    order gabapentin 600mg generic order gabapentin without prescription

  • comment-avatar

    buy azithromycin 500mg online cheap order azipro pills order azithromycin for sale

  • comment-avatar

    Para esclarecer completamente suas dúvidas, você pode descobrir se seu marido está traindo você na vida real de várias maneiras e avaliar quais evidências específicas você tem antes de suspeitar que a outra pessoa está traindo. https://www.xtmove.com/pt/how-to-track-my-husband-phone-calls-and-texts-find-signs-of-husband-infidelity/

  • comment-avatar

    omnacortil 5mg over the counter omnacortil 5mg drug order omnacortil 20mg sale

  • comment-avatar

    purchase vibra-tabs for sale how to buy doxycycline

  • comment-avatar

    buy ventolin 2mg best antihistamine for allergic rhinitis albuterol 4mg without prescription

  • comment-avatar

    purchase levitra online cheap order vardenafil pill

  • comment-avatar

    order clomiphene 100mg without prescription buy cheap clomid buy generic clomid for sale

  • comment-avatar

    buy rybelsus 14mg without prescription semaglutide 14 mg cost order rybelsus 14mg generic

  • comment-avatar

    oral amoxiclav augmentin 625mg ca order amoxiclav online

  • comment-avatar

    buy synthroid 150mcg sale buy synthroid 100mcg generic cheap levothyroxine generic

  • comment-avatar

    sildenafil uk viagra pharmacy buy sildenafil online cheap

  • comment-avatar

    order hydroxychloroquine 400mg generic hydroxychloroquine 400mg brand plaquenil 400mg uk

  • comment-avatar
  • comment-avatar

    buy generic clarinex buy desloratadine 5mg generic clarinex us

  • comment-avatar
  • comment-avatar

    cheap glycomet 500mg order glucophage pills metformin without prescription

  • comment-avatar
  • comment-avatar
  • comment-avatar

    where to buy norvasc without a prescription amlodipine sale order amlodipine 5mg online

  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar

    buy generic lisinopril 5mg purchase zestril pill prinivil pill

  • comment-avatar
  • comment-avatar

    domperidone pill sumycin order online order sumycin

  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar

    buy generic atenolol for sale order atenolol 100mg tenormin 50mg cheap

  • comment-avatar
  • comment-avatar

    methylprednisolone pills canada medrol 16 mg without prescription buy medrol generic

  • comment-avatar

    methotrexate 10mg for sale order warfarin pills coumadin pills

  • comment-avatar
  • comment-avatar
  • comment-avatar

    meloxicam 7.5mg drug meloxicam 7.5mg cost celecoxib 200mg without prescription

  • comment-avatar

    purchase tamsulosin for sale celecoxib 100mg usa celebrex 100mg tablet

  • comment-avatar
  • comment-avatar
  • comment-avatar

    order imitrex 25mg sale levaquin 500mg price levaquin 500mg ca

  • comment-avatar

    buy zocor 10mg pill valacyclovir sale valtrex 500mg price

  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar

    buy glycomet 500mg pills – order lincomycin 500mg for sale buy lincocin pills for sale

  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar

    purchase clozaril for sale – buy generic amaryl 4mg buy generic famotidine 20mg

  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar

    buy atarax 10mg online – prozac 20mg oral order amitriptyline 10mg sale

  • comment-avatar

    order augmentin 375mg online – buy clavulanate pills for sale purchase baycip without prescription

  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • comment-avatar
  • Disqus ( )