LOOMING INDIA-EU FREE TRADE DEAL OFFERS MAJOR BENEFITS TO BOTH PARTIES’ TEXTILE AND CLOTHING SECTORS
September 27th, 2023
The textile and clothing industries of the European Union (EU) and India are closely monitoring negotiations to forge a free trade agreement (FTA), making steady progress since being relaunched last year (2022). Detailed talks were staged in New Delhi between June 17 and 23 (2023), with the EU seeking to reduce tariff barriers for India’s often protected market of 1.4 billion people. India’s access to the lucrative EU clothing market is a plum prize, with EU clothing imports worth USD195.8 million in 2021, according to Germany-based statistics service ...
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