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Related Keywords: cotton textile exports, free trade agreements, Indian textile competitors, Indian textile exporters, textile imports in Canada, textile imports in China, textile imports in Europe, trade barriers, yarn import in Bangladesh

As cotton textile exports have declined 7.39% in August 2015 as compared to the corresponding month last year, Indian textile exporters have urged the government to facilitate free trade agreements (FTAs) with major importing countries including the European Union, Australia and Canada to remove trade barriers.

Related Keywords: Asean, competitive advantage, European Trade Policy and Investment Support Project, export-import duties, Japanese market, preferential tariff, RCEP agreement, trade barriers, Vietnames made textile product

Vietnamese-made textile products at present enjoy a preferential tariff in Japan due to ASEAN+1 (ASEAN plus Japan) and the Vietnam-Japan Economic Partnership Agreement as similar items from China are subject to 15-20% tariffs.

Preferential tariffs may no longer be a competitive advantage for Vietnamese goods over those from China in the Japanese and South Korean markets after the Regional Comprehensive Economic Partnership (RCEP) agreement is signed.