INDIAN CLOTHING SECTOR PREDICTS MAJOR SALES GROWTH FOLLOWING ANTICIPATED EU TRADE DEAL
August 30th, 2022
The Indian garment manufacturing industry is optimistic about the impact of a free trade agreement (FTA) between its country and the European Union (EU), which it thinks could be concluded next year (2023).
“It would be a game changer,” Gautam Nair, chairman of the export promotion committee of India’s Apparel Export Promotion Council told Just Style, highlighting how an anticipated “9.6 to 12 percent duty [reduction] makes a big difference in our competitive business.”
Such trade liberalisation, along with an associated reduction on non-tariff ...
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