Related Keywords: balanced duty structure, big disadvantage compared to Bangladesh and Vietnam, current fiscal year, help give boost to exports, Indian textile sector, quality and branding in par, speed up with FTAs, to hit the target
Indian textile sector is at big disadvantage compared to Bangladesh and Vietnam as it does not have FTAs with U.S., Canada dn Europe. Least developed countries are exporting at zero duty while India’s exports are subject to 10 to 14 percent duty. Hence, the Textile Ministry has urged the government to expedite Free Trade Agreements (FTAs) with the U.S. and European Union to help double exports, said its Secretary Rashmi Verma.
