India Textile Industry Hopes To Print -&Nbsp; The European Free Trade Agreement Will Reduce Tariffs To Zero.
India textile industry and the central government agreed to gradually reduce import tariffs and eventually abolish import tariffs.
India
Since 2007, the Ministry of Commerce has held negotiations with the European Union on free trade agreements (FTA). Now the negotiations have entered an important stage.
The formal name of the free trade agreement is the bilateral trade and investment agreement (BTIA). The goal of the two sides' negotiations is to reduce bilateral relations within 10 years.
Trade
About 90% of the basket's products are subject to customs duties, and the tariff is eventually abolished.
In 2010-11, the India EU trade volume was US $91 billion.
The Ministry of textiles has told the Ministry of commerce that the textile industry is willing to cover BTIA.
Spin
Product.
In the 2010-11 fiscal year, India's total textile exports amounted to US $26 billion 800 million and the European Union accounted for nearly US $8 billion.
Because the garments imported from European countries are negligible and limited to high-end brand clothing, the industry believes that the proposed free trade agreement will improve the market access conditions for India textiles in Europe.
At present, India has imposed nearly 10% tariffs on imported fabrics or clothing from the European Union. At the same time, the group of 27 has imposed tariffs of up to 9.6% on exports from India.
Mr. Nair, Secretary General of the India Textile Industry Federation (CITI), said that we do not require any protection measures for the import of textiles and clothing from the EU because there is no cost competition in the DK.
We do not see any threat in this respect.
EU exports to India provide only elite products.
- Related reading
- Popular this season | The Most Challenging Costumes Of Spring And Summer 2015, Love Beauty! Are You Afraid?
- Comprehensive data | 2012-2013 Report On China'S Garment Industry Development Report (Five)
- Industry perspective | The Channels For Clothing Industry To Go And Where To Go Are The Ten Questions That Practitioners Must Think About.
- Reporter front line | 杜塞尔多夫服装服饰品牌采购展 填补欧洲市场缺口
- Comprehensive data | 2012-2013 Report On China'S Garment Industry Development Report (Four)
- Dress culture | Wear A Single Product With "Texture", Minutes Into Thin Goddess, April Is Not Sad!
- Collocation | Annoying Spring Rain, Beautiful Girls Are Dressed Like This!
- Exhibition video | Some New Brands Will Be Held At The 2015CHIC Exhibition Site.
- Comprehensive data | 2012-2013 Report On China's Garment Industry Development Report (Three)
- Footwear industry dynamics | Hongxing Erke Wu Rongzhao: A Butterfly Effect Caused By Life Movement
- Domestic Shoe Enterprises Reclaim The "Old Industry" &Nbsp; Expediency Is Another Way Out.
- Hawick Lau'S New And Old Girlfriend PK&Nbsp; Yang Mi Bernice Liu Eye-Catching Peach Blossom Dress
- Hubei Clothing Trade Association Held The Spring Festival 2012
- Taiwan Textile Suppliers Expand Their Island Brand Market In Imitation Of Foreign Brands
- Prospects For Industrial Textiles In 2012
- The Economic Situation Of The Major European Countries Is Stable &Nbsp; The Textile Enterprises Still Have The Opportunity
- Recently, Forbes'S List Of Five Fashion Designers Came On The List.
- To Enhance The Popularity Of Women's Shoes &Nbsp; Chengdu Shoe Enterprises Started The Spring Festival Gala.
- China'S First Luxury Brand Of Men'S Wear Is Coming Out.
- Ningbo'S 26 Malicious Wage Arrears Were Exposed To &Nbsp, Mostly In Spinning And Weaving Enterprises.