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Related Keywords: AEPC, BTIA, compared to set target, current fiscal, economic slowdown, Indian apparel exports, just cross $seventeen billion, key markets, out bound shipment, over ninety percent, remained lower than expected

India’s apparel exports may just about cross $17 billion in 2015-16, just over 90 percent of its garement export target in the current fiscal compared with the target of $18.73 billion for the fiscal, despite the sector putting up a better show than textiles and mancy other merchandise segemtns, as outbound shipments to key markets like the US and Europe remained lower than expected due to an economic slowdown, sources said on Wednesday.

Related Keywords: anti-dumping duties, apex body, BTIA, DIPP, dumping of Chinese products, European Union, FIEO, FIEO President Rafeeq Ahmed, Free trade agreement, trade deficit

India has a trade deficit of about USD 37 billion with the neighbouring country to overcome this and help boost India’s export; FIEO an apex exporter’s body today put forward a proposal for a free agreement (FTA) with China. In fact, India should resume the FTA with the European Union too.

According to FIEO President Rafeeq Ahmed, India will benefit by entering into FTA with China. The government should not hesitate to talk about this. If Thailand can have an FTA with China, India should also seriously look at this.