Home / Knowledge / News / Apparel/Garments / Leading apparel exporter backs free trade deal
Leading apparel exporter backs free trade deal
09
Jun '10
A leading exporter from Sri Lanka, already having its footprints in India, has extended its assistance to ink a fresh business deal, while fleshing out a 10-year-old agreement, to further unleash trade amidst both the countries.

Effort to materialize the Indo-Lanka Free Trade Agreement (ILFTA), to establish it as a new Comprehensive Economic Partnership Agreement (CEPA), has been delayed on account of protectionist business interests and protests, by a handful of political leaders, against it.

Pursuant to the original ILFTA, the two countries have placed a whole host of goods, already sold and with heavy duty imposition, in a 'negative list'. As also, India instead of directly putting them on the 'negative list' has imposed quotas on other items like apparels.

Mahesh Amalean, Chief of MAS, a leading garment exporter, while speaking at a business meet in Colombo said that, even prior to the free trade agreement, Sri Lanka was dealing with India, but the agreement has helped simplify things.

He further said that, they were looking forward to the expansion of the deal and dissolution of other restrictions. In spite, of the awkward dialogues, the deal had finally advanced. Also, few constraints of the earlier deal would be vindicated in CEPA.

Amante, an exclusive lingerie brand of MAS is sold in India. Nonetheless, even if the national tariffs on imports are done away with, other exporters are troubled, as they will still have to bear the burden of taxes imposed by their respective states. The deal even contains a specific provision to restrict specific goods to some peculiar ports.

However, Ashok Kantha, Indian ambassador in Colombo, said that, as compared with Sri Lanka, India has fewer items in the 'negative list' under the original deal but yet, the trade is expanding.

Fibre2Fashion News Desk - India


Must ReadView All

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Brandix signs JV with Best Pacific of Hong Kong

Textiles | On 21st Nov 2017

Brandix signs JV with Best Pacific of Hong Kong

In a joint venture (JV) with the global synthetic materials...

CAI estimates 2017-18 cotton crop at 375 lakh bales

Textiles | On 21st Nov 2017

CAI estimates 2017-18 cotton crop at 375 lakh bales

In its first estimate of the cotton crop for the 2017-18 season...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Pranav Mishra
Huemn

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

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

November 2017

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
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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