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Related Keywords: better market access for local businesses, Commerce Minister Khurram Dastgir Khan, conclude FTA, government would release refunds, informed National Assembly, international markets, launch ecommerce framwork, preferential trade agreements with different countries, refunds issue of exporters to be resolved, value-addition in the textile sector

Commerce Minister Khurram Dastgir Khan informing the National Assembly (NA) said that the refunds issue of exporters would be resolved very soon as the government would release Rs5 million refunds to exporters from the next month.

Dastgir said that the government was also trying to get better market access for local businesses in the international markets by concluding free trade agreements and preferential trade agreements with different countries.

Related Keywords: available to other textile products, Coimbatore textile industry, conclude FTA, cotton policy announced by China, cotton yarn, fall in cotton yarn exports, Indian Texpreneurs Federation, introduce special debt restructuring scheme, SIMA, sought duty rationalization for manmade fibre, sought three percent export incentive, tap new markets

Coimbatore textile industry has sought three percent export incentive, which is now available to other textile products, for cotton yarn too. If three percent export incentive is available for cotton yarn, textile mills will be able to tap new markets.

Related Keywords: affect shipments of value added products, benefits on exports, conclude FTA, cotton dyed, Cotton Textile Export Promotion Council, free on board, gain market acces, granted duty credit scrips, Made ups, new foreign trade policy, printed fabrics, put exporters into a huge dilemma, remove trade barriers, Texprocil, to African countires removed

In the new Foreign Trade Policy 2015-20 all benefits on exports to African countries has been removed. According to the Cotton Textiles Export Promotion Council (TEXPROCIL) a textile industry body, removal of benefits on exports to African countries will affect shipments of value added products like cotton dyed and printed fabrics and made-ups to African countries.