Home / Knowledge / News / Apparel/Garments / Concession to garment exporters under CEPA agreement
Concession to garment exporters under CEPA agreement
12
Jul '08
Under the Comprehensive Economic Partnership Agreement (CEPA) between Sri Lanka and India, the Sir Lankan garment exporters will be given concession while shipping their products to India. This information was made public by The Export Development and International Trade Ministry of Sri Lanka.

Initially under Indo-Sri Lanka Free Trade Agreement (ISFTA), under Tariff Rate Quota (TRQ), India had allowed import of eight million pieces of garments that were made in Sri Lanka using Indian fabrics.

However, India had already removed constrain on entry port and sourcing of fabric for three million pieces from the total of eight million pieces at zero duty in April last year.

Recently talks were held between authorities of two countries and the outcome was that, now fabric for six million pieces can be obtained from India on duty free basis instead of earlier agreement of three million pieces .

The remaining two million pieces of apparels will receive 75 percent Margin of Preference (MOP) and there will be no restriction on getting the fabrics from India. These grants will come into effect with the implementation of the CEPA.

Market observers are of the openion that bi-lateral trade between India and Sri Lanka will get a fillip to touch approximately $1.5 billion by 2012, when CEPA starts functioning completely.


Must ReadView All

Trump announces tariffs on $200 bn worth Chinese imports

Apparel/Garments | On 18th Sep 2018

Trump announces tariffs on $200 bn worth Chinese imports

US President Donald Trump escalated the trade war with China on...

Courtesy: Sunrise Bumi Textiles

Textiles | On 18th Sep 2018

Sunrise Bumi developing new products for profitability

Sunrise Bumi Textiles, one of the world's leading quality yarn...

New Zealand bans sheep mulesing

Textiles | On 18th Sep 2018

New Zealand bans sheep mulesing

New Zealand has banned the practice of mulseing sheep, making the...

Interviews View All

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

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

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


September 2018

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

news category


Related Categories:

Advanced Search