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Related Keywords: absorption of premium for post ship guarantee by banks, avail import benefit, cotton and modal blended, memorandum demand to Union Finance Minister, polyester filament single jersey fabric, seek inclusion of fifty nine additional items, speciality fabrics, Tirupur Exporters Association, Tirupur knitwear exporters, under Export Performance scheme

A. Sakthivel, president of Tirupur Exporters Association, handed over memorandum consisting of many demands to Union Finance Minister Arun Jaitely on Friday. Among the many demands Tirupur knitwear exporters seeks inclusion of 59 additional items as “speciality fabrics” to avail the import benefits under Export Performance Scheme and sought absorption of premium for post-ship guarantee by the banks.

Related Keywords: cost competitive, Eurasian Economic Union, FTA with EEU, Indian product, signed between Indian and EEU, Tirupur knitwear exporters, window to Russian apparel market

A joint statement, as a prologue to the FTA with the Eurasian Economic Union (EEU) comprising Russia, Kazakhstan and Belarus had been signed between India and EEU at St. Petersburg in Russia few days back.

It viewed the establishment of a joint study group to work out the formalities including the finalization of the sectors that would be part of the FTA.

This decision to sign the Free Trade Agreement with the Eurasian Economic Union (EEU) is seen by the Tirupur knitwear exporters as a window to access the huge Russia apparel market.