EU Decided To Terminate The Implementation Of India Textile Products GSP Next January

< p > according to the report of India in November 25th, < a href= "http://sjfzxm.com/news/index_c.asp" > EU < /a > decided to terminate the export of textiles, chemicals, minerals, leather products and motor vehicles to India with a less than a href= "http://sjfzxm.com/news/index_c.asp" > universal benefit system < /a >, which will take effect from January next year.

Other products to be exempted from preferential import duties include bicycles, aircraft, spacecraft, ships and so on.

The Indian government will ask the EU to reconsider its decision.

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< p > if the EU terminates the "a href=" http://sjfzxm.com/news/index_c.asp "low tariff system < /a >, India exporters will be forced to pay extra 6-12% of commodity value to make their products more expensive.

India's exports to the EU accounted for 17% of its total exports, while 2012-2013 shrank by 4% to 50 billion dollars.

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< p > it is reported that the Ministry of Commerce and industry of India will also protest against the EU's decision to give Pakistan textiles Zero Tariff Treatment since January next year.

According to the Indian government, this will affect the regional competitiveness of India's textile industry.

< a href= "http://sjfzxm.com/news/index_c.asp > > textile industry < /a > is India's second largest job creation industry, next only to agriculture.

This will give Pakistan clothing and accessories a 10% tariff advantage for EU exports.

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< p > the EU's plan to terminate the "a href=" http://sjfzxm.com/news/index_c.asp "India special commodity GSP" /a "is to reformulate the system.

The EU wants to exclude the dominant developing countries that have been integrated into the world trade and focus on the needs of backward countries.

India's textile exports are excluded from GSP because its exports exceed 14.5% of the total EU textile imports from beneficiary countries.

According to EU regulations, the exclusion threshold for other products is 14.5%.

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< p > < strong > related links < /strong > < /p >

< p > < strong > Taiwan enterprises went to India to hold < a href= "http://sjfzxm.com/news/index_c.asp > > textile fabric exhibition < /a > /strong > /p >

< p > recently, textile enterprises in China's Taiwan region held textile fabrics exhibition in New Delhi, India and Bangalore respectively. The exhibition was supported by the Federation of India textile industry and India Textile Export Association.

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< p > > a href= "http://sjfzxm.com/news/index_c.asp" > Taiwan < /a > is one of the textile export developed areas, and is famous for its excellent manufacturing industry.

The yarn, innovative fabrics and latest textile products, sports knitwear, underwear, swimsuit, home clothes, pajamas, sportswear, < a href= "http://sjfzxm.com/news/index_c.asp" > functional underwear fabrics < /a >, outdoor sports fabrics, regenerated polyester yarn fabrics, spandex fabrics, high-performance fabrics and labels, badges, ribbons and other accessories products were exhibited.

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< p > India textile market hopes that the average annual compound growth rate of textiles will reach 10.1% in 2009, and the market scale of US $221 billion will reach 221 billion by 2021.

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< p > this exhibition provides an opportunity for the purchase of high-grade, professional, unique a href= "http://sjfzxm.com/news/index_c.asp" > India textile and garment manufacturing industry < /a > procurement of fabric, /a and yarn raw materials. At the same time, it also provides more choices for India manufacturers to expand the product category of a. Href=.

Purchasing textile and garment materials from Taiwan exhibitors will increase the competitive advantage of India garment manufacturers, and promote the development of India's domestic textile industry as well as the growth of exports in the international market.

In fact, the Taiwan textile fabric exhibition also provides a good platform for India marketers, buyers, partners, channels and business managers.

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< p > this exhibition attracted more than 800 professional buyers and purchasers.

Justine Cheng, an expert on market development of Taiwan Textile Federation, said: "we are very pleased to see the success of the 2012 exhibition.

The purchase volume of a href= "http://sjfzxm.com/news/index_c.asp" > /a > shows the potential of India textile market to a certain extent.

This year, the Taiwan Textile Federation also organizes India textile and accessories suppliers to exhibit fashionable, functional and eco-friendly innovative products at the exhibition.

These suppliers will not only provide high-end textile and apparel products for buyers, but also provide a series of efficient and long-term reliable services for exporters and manufacturers in India.

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