There is news of great relief for textile and apparel exporters of India. The tension that remained after the Bangladesh-US trade deal has been reduced to a great extent by the statement of Commerce Minister Piyush Goyal. The government has clearly indicated that India is also exploring the option of zero-duty access in the US market. According to the rules, if 20% US-origin raw material is used then the benefit of zero tariff can be availed. This can boost textile exports, spinning and garment sectors. Experts believe that increasing exports will strengthen cotton demand and farmers can get better prices.
Big relief to textile industry! Will India get Zero-Duty Advantage in US Market? Money Live | Big relief for the textile industry! Will India get zero-duty benefits in the US market?
