Mon Jun 30,
India will protect the interests of its textile-apparel sector in the proposed trade agreement with the United States, Commerce and Industry Minister Piyush Goyal recently assured the Apparel Export Promotion Council (AEPC) and the Cotton Textiles Export Promotion Council (TEXPROCIL).
AEPC chairman Sudhir Sekhri and TEXPROCIL chairman Vijay Agarwal met the minister to apprise him of key concerns related to the proposed agreement.
If the United States goes ahead with the additional 26-per cent reciprocal tariffs on India, then it would have serious implications for the sector's exports to the former, an AEPC statement said.
Insights
India will protect the interests of its textile-apparel sector in the proposed US trade pact, Commerce and Industry Minister Piyush Goyal has assured the Apparel Export Promotion Council and the Cotton Textiles Export Promotion Council.
The trade bodies said apparel and home textiles are among the leading export categories to the US, and would be disproportionately hit by any US tariff hike.
Sekhri and Agarwal said apparel and home textiles are among the leading export categories to the United States, and would be disproportionately affected by any tariff hike.
They also drew the minister’s attention to the likely consequences in terms of decline in exports and job losses, particularly in rural employment clusters and micro, small and medium enterprises.
India's apparel exports to the United States stood at $5 billion in fiscal 2024-25.