Home / Knowledge / News / Apparel/Garments / Indian exporters want textiles & apparel pact with EU
Indian exporters want textiles & apparel pact with EU
17
Jul '12
Garment exporters in India have urged the Government to sign a textiles and clothing trade pact with the EU, prior to entering into a free trade agreement (FTA).
 
Speaking at the inauguration of Tex Trends 2012, Mr. A Sakthivel, Chairman of Apparel Export Promotion Council (AEPC), said in view of the current slump in demand in EU for Indian garments, India and EU should reach an agreement on textiles and apparels ahead of FTA between the two sides.
 
During the initial two months of the current fiscal, there has been a 48.1 percent drop in India’s clothing exports to the EU, which stood at US$ 0.67 billion, compared to exports of US$ 1.3 billion achieved during the same period of last fiscal.
 
The EU accounts for about 49 percent of India’s total apparel exports.
 
Currently, the Indian Government is negotiating an agreement, which seeks larger market access for its garments in the EU region, among other things.
 
In addition to a pact with EU, the apparel exporters are also urging the Government to give more concessions to help the sector promote its products in non-traditional markets, especially Australia, Brazil, Chile, Japan, Malaysia, Mexico, Russia, South Africa and Uruguay, where demand for Indian apparels is growing.
 
The exporters are requesting for additional sops up to 2013-14 for garment exports to Brazil, Japan, South Africa, Australia, Russia and South Korea.
 
They are also urging an extension of the five percent duty credit scrip up to 2013-14 for some far away non-traditional markets such as Mexico, Chile, Argentina, New Zealand and Australia.
 
According to AEPC, India’s clothing exports to non-traditional markets increased by 15 percent to US$ 3.15 billion in 2011-12, as against its exports of US$ 2.7 billion in the previous fiscal.
 

Fibre2fashion News Desk - India


Must ReadView All

Alliance to form joint entity for safety in factories

Textiles | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Courtesy: Skineez Skincarewear

Apparel/Garments | On 24th Apr 2018

Skineez, Walmart partner for smart wearables

Skineez Skincarewear, a leading cosmotextile skincarewear company,...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search