EU free trade to boost tech textile industry exports: MATEXIL

Contributing sentiments towards policy:

63% : Exporters of Manmade Fibre Textiles and Technical textiles in India are buoyed by the trade deal with the EU as it will provide market access and boost exports of value added products to the EU, he said.
63% : The India-EU FTA will play a pivotal role and lay a strong foundation for the India Vision 2047, he said.
59% : EU is an important economic and strategic partner for India and the trade deal will further deepen this relationship between both the countries, he said.
59% : The Council has urged exporters to study the requirements of the buyers in the EU countries and align their products accordingly.
55% : Shaleen Toshniwal, Chairman, Manmade and Technical Textiles Export Promotion Council (MATEXIL) said the India-EU FTA, which is one of the most complex trade negotiations India has undertaken, comes at a crucial phase when there is global trade fragmentations, increasing protectionism, growing India-US trade frictions and heightened global uncertainty.
52% : Currently, duty ranging between 8-12 per cent are being charged by the EU countries on Indian textiles and clothing products while competing nations such as Bangladesh enjoy zero duty putting Indian exporters at a disadvantage and the FTA will make Indian exports competitive.
45% : The India-EU free trade agreement will bring down tariffs to zero immediately after the agreement is officially implemented.

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