INDIAN GOVERNMENT SENDS OUT CONFLICTING SIGNALS ON TRADE – DOES KNITWEAR SECTOR NEED TO PREPARE FOR MORE COMPETITION?
August 1st, 2018
THE INDIAN government has been sending out conflicting signals about its trading policy for its important knitwear sector. While it last month (July 18) announced it was increasing import duties for some key knitted apparel and knitwear inputs, talks are moving ahead to forge a Regional Comprehensive Economic Partnership (RCEP) with 16 Asian counties. This would be a major undertaking, with significant implications for Indian manufacturing, given it would remove trade barriers not only between India and its Association of Southeast Asian Nations (ASEAN) ...
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