The Indian Apparel Export Promotion Council (AEPC) is urging the Indian government to sign a free trade agreement with the United Kingdom as soon as possible before British Prime Minister Boris Johnson’s planned visit in early 2021. <\/p>\n
In July 2020, India and the UK agreed to explore business expansion opportunities and deepen trade relations, including strengthening trading partnerships, as a possible first step towards reaching a free trade agreement. step. <\/p>\n
According to AEPC Chairman A Sasdfssdfskthivel, India’s garment export industry is lagging behind competitors such as Bangladesh, Cambodia, and Pakistan due to the export of products from these countries to the United Kingdom. Enjoy 9.6% tariff reduction. <\/p>\n
ANI News data points out that the UK\u2019s total garment imports in 2019 were US$24.9 billion, of which imports from Bangladesh reached US$3.6 billion and imports from India reached US$1.4 billion. <\/p>\n
Sasdfssdfskthivel said: In fact, India has a complete value chain of fibers, yarns, fabrics and ready-made garments. If issues such as unfavorable tariffs with the UK can be resolved, we may be able to double our garment exports within 2 years, thereby creating a large number of jobs in India. <\/p<\/p>\n","protected":false},"excerpt":{"rendered":"
The Indian Apparel Export Promotion Council (AEPC) is urging the Indian government to sign a free trade agreement with the United Kingdom as soon as possible before British Prime M…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[46],"class_list":["post-4327","post","type-post","status-publish","format-standard","hentry","category-textile-fabric-news","tag-db"],"_links":{"self":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts\/4327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4327"}],"version-history":[{"count":0,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts\/4327\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}