Home / Knowledge / News / Textiles / India upped textile exports to US & EU significantly post MFA

India upped textile exports to US & EU significantly post MFA

31
Jan '07
Asian Textile Conference 2007
India's textile exports to US and EU has gone up by 9.1 per cent 14.6 per cent respectively during 2006 as compared to the previous year and the prospects for notching up further market share is bright, according to Mr Munir Ahmed, Executive Director, International Textiles and Clothing Bureau, Geneva.

While addressing the Second Asian Textile Conference (ATEXCON) 2007 organized by the Confederation of Indian Textile Industry (CITI), Mr Ahmed observed that among the top exporters to the US and EU are some of the Asian countries that were otherwise predicted to be major causalities of the expiry of the quota regime.

Bangladesh, Cambodia and Sri Lanka were mentioned as the major causalities even in studies brought out by World Bank, IMF, WTO and others. But the doomsayers were proved wrong. Bangladesh textile exports to US have grown by 23.1 per cent and to EU by a still more impressive figure at 32.5 per cent during 2006 as compared to the previous year. Cambodia's exports to the US market grew by 26.3 per cent. Sri Lanka also stood its ground while exporting to the US.

Mr Ahmed also said that other than India, the Asian countries, which have upped their exports to the US and EU markets are China, Indonesia, Pakistan and Vietnam. Curiously, some of the countries predicted to do well in their exports to EU and US after the phasing out of the MFA, on account of their preferential tariff access to the markets, had seen either their exports stagnating or decline.


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Sep 2021

UK again delays post-Brexit import trade controls

The United Kingdom has again delayed the implementation of some...

Pic: Shutterstock

Retail | On 17th Sep 2021

American retailers oppose business tax rate increases

The National Retail Federation (NRF) has opposed the proposed...

Pic: Shutterstock

Apparel/Garments | On 17th Sep 2021

Bangladesh looking to boost man-made fibre apparel exports: TexPro

Bangladesh is looking to focus on the man-made fibre apparel market...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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 2021

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


Advanced Search