The Cotton Textile Export Promotion Council (Texprocil) is asking for duty-free entry to textile merchandise to the European Union (EU).
The cotton textile sector, which gives livelihoods to lots of of hundreds of rural artisans, at present exports greater than $1.3 billion yearly to the European Union. Nonetheless, tariff obstacles within the EU market place Indian cotton merchandise at a aggressive drawback in comparison with different nations.
Techprosil has persistently advocated for zero responsibility entry within the ongoing negotiations between India and the EU. Because the India-EU Free Commerce Settlement nears conclusion, India has reiterated its demand for complete duty-free market entry for all cotton textile merchandise.
Such an settlement would assist restore competitiveness, strengthen worth chains linked to farmers, help MSME exporters and promote sustainable value-added exports, considerably growing India’s footprint within the EU market from its present export worth of $1.3 billion, Techprosil mentioned in a press launch on Saturday.
On the lately held Heimtextiles Present in Frankfurt, Germany, the world’s largest international platform for the house textile sector, Indian exporters have been optimistic concerning the subsequent settlement with the EU, the discharge added.
