Indian textile firms face higher trade barriers in EU, US: Govt
The average tariff on textile products faced by India in the EU and US is 5.9% and 6.2%, respectively
New Delhi: Indian textile companies face higher trade barriers, compared to other competing countries like Bangladesh, Vietnam and Pakistan, in the US and European Union, Parliament was informed Wednesday.
The average tariff on textile products faced by India in the EU and US is 5.9% and 6.2%, respectively.
In comparison, Pakistan face zero per cent and 5.3% average tariff in the EU and US, respectively; for Bangladesh it is zero per cent and 3.9%; whereas Vietnam attracted 6.1% and 5.5% tariff.
The US is the top export destination for textiles made in India with a share of 17%, followed by the EU, Bangladesh, China, Pakistan, UAE, Vietnam, Sri Lanka, Brazil and South Korea, respectively, Minister of State for Textiles Ajay Tamta said in a written reply to the Rajya Sabha.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed)
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