Home / Knowledge / News / Apparel/Garments / TEA appeals to PM to forge FTA with Britain
TEA appeals to PM to forge FTA with Britain
24
Jun '16
On the heels of Britain voting to exit the European Union, the Tirupur Exporters Association (TEA) has appealed to Prime Minister Narendra Modi to negotiate a Free Trade Agreement with that country because the time is very opportune.

“It is an appropriate time for India to commence negotiations with UK for Free Trade Agreement and we are confident that India being a favored nation to UK, India could clinch the deal and have a FTA with UK in the coming months,” TEA President Dr A Sakthivel said in his letter to the PM.

“We wish to add that India has been facing a lot of issues like TRIPS, Pharmaceutical, Automobile, Visa including movement of professionals which are actually stunting the negotiations to have FTA with EU, which consists of 28 countries including UK and we feel that when we start negotiations with UK immediately for FTA, we could get the early bird advantage and could increase our trade significantly.”

Sakthivel pointed out that in the case of garment sector alone, India's export share to UK is 10.62 per cent, with a value of Rs.11,798 crore out of total garment exports of Rs 1,11,178 crore from India. It is also to be noted that the UK occupies the top position among EU countries in India's garment exports.

“We request the Hon'ble Prime Minister to advise the Commerce Ministry to take necessary steps to commence negotiation with UK to have a Free Trade Agreement which is paramount importance to boost our exports, including garment exports,” Dr Sakthivel wrote in his letter. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sonam & Paras Modi
SVA

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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