Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

India-EU FTA: Here’s how India’s textile & apparel sector reacted

PTI
Updated: January 27th, 2026, 17:21 IST
in Business
0
Textile

Pic- IANS

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: Indian garments and clothing will get zero-duty access to the European Union market as part of the import duty concessions granted by the 27-nation bloc under the free trade pact, providing textiles and apparel exporters much-needed level playing field against competitors like Bangladesh and Vietnam, industry bodies said Tuesday.

The European Union and India Tuesday announced the conclusion of negotiations for the free trade agreement (FTA) here.

Also Read

Pic Credit: reuters

Belgian PM resigns after budget talks fail

12 hours ago
SEBI

SEBI backs LTCG exemption for FPIs

12 hours ago

Currently, the European Union is the second biggest market for India’s textile and apparel exports, after the United States.

The US, which has levied 50 per cent tariffs on Indian goods, is the single-largest market for India’s textile and apparel exports, accounting for almost 28 per cent of the country’s textile and apparel exporters’ total revenue.

Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said the “zero-duty access of Indian garments and clothing to the EU market will decisively turn the tables in India’s favour enhancing our competitiveness in the European market”.

According to Confederation of Indian Textile Industry (CITI) Chairman Ashwin Chandran, once operational, the India-EU FTA will level the playing field for local textile and apparel exporters with their peers from Vietnam and Bangladesh, against whom they face a tariff disadvantage in the European Union.

“Coming at a time when India’s textile and apparel sector continues to be weighed down by the steep US tariff, the announcement on the FTA with the EU comes as a huge confidence boost since it creates possibilities for increased market access and more business to flow in for India’s textile and apparel exporters from the 27-nation bloc,” CITI Chairman Chandran stated.

Industry projections estimate that Indian apparel exports could grow by 20-25 per cent year-on-year after operationalisation of the FTA as against the current growth rate of 3.01 per cent in the EU market.

AEPC Chairman Sakthivel noted, “The FTA eliminates tariff on 100 per cent of apparel tariff lines, which will enhance market access to all member countries of the EU.”

EU is the world’s largest apparel importer with total apparel import worth USD 202.8 billion in FY 2024-25.

Some of the major garment importing countries of the EU like Germany, France, Spain and Italy source substantially from India and this deal will further boost our apparel exports to these economies, Sakthivel added.

India’s total textile and apparel exports stood close to USD 38 billion in FY25.

India’s bilateral trade in goods with the EU was USD 136.53 billion in 2024-25 (exports worth USD 75.85 billion and imports at USD 60.68 billion), making the EU India’s largest goods trading partner.

Orissa POST – Odisha’s No.1 English Daily
Tags: BusinessEUFTAIndiaTextileTrade
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019

Archives

Editorial

Fresh Fault Lines

Representative pic
November 3, 2026

More than three years after ethnic violence erupted in Manipur, there is no let-up in the spiral of killings, displacement,...

Read moreDetails

Chinks in Armour

Ramlila Maidan, Protest, New Delhi,
November 2, 2026

The BJP appears to be clueless as to how to handle the people’s fury and the Opposition’s mega rally at...

Read moreDetails

The Secular Facade

AAKAR PATEL - The AI Race
November 1, 2026

By Aakar Patel My thesis is that the Indian state under Hindutva is incompletely communal. I have written about this...

Read moreDetails

The Extension Culture

Dilip Cherian
October 31, 2026

By Dilip Cherian The litany of extensions continues. The latest is Defence Secretary Rajesh Kumar Singh, whose tenure the Modi...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST