Exports of apparel to key markets are growing at a steady rate, according to the AEPC

16TH AUG 2021, MUMBAI:

As the key foreign destination, India has been at a duty disadvantage against rivals. According to the AEPC chairman, India's exports to the EU have a tariff disadvantage of 9.6% compared to exports from Bangladesh, Cambodia, Turkey, Pakistan, and Sri Lanka. Apparel exports to key markets such as the United States, Europe, the United Kingdom, Saudi Arabia, Canada, Japan, and Australia are growing steadily, according to the AEPC, and the industry will help India meet its USD 400 billion export target for the current fiscal year.

Chairman of the Apparel Export Promotion Council (AEPC), A Sakthivel, stated that apparel exports are increasing in every western market.

"Exports to the United States grew by 22% from January to May 2021 compared to the same period the previous year," he stated during the 42nd Annual General Meeting of the Council. According to the chairman, he has advocated for the government to expedite free trade agreements with the European Union, the United Kingdom, the United States, Australia, and Canada.

"In the key foreign destination, India has been at a duty disadvantage against rivals. In comparison to exports from other nations such as Bangladesh, Cambodia, Turkey, Pakistan, and Sri Lanka, India's exports to the EU face a tariff disadvantage of 9.6%. Bangladesh continues to gain from preferential trade privileges in the UK following the UK's exit from the EU "he stated.

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