India likely to pursue with the U.S. on tariff waiver for garments made with U.S. cotton

India is apt to prosecute with the U.S. to waive the 18% reciprocal tariff for garments that are made with U.S. fabric and exported to that state akin to the concession offered to Bangladesh.

Representatives of textile export promotion councils who participated successful a gathering connected Wednesday said determination were indications that India volition prosecute with the U.S. to waive the reciprocal tariff connected garments and textiles that were made with U.S. fabric oregon manmade fibre.

The U.S.-Bangladesh Agreement connected Reciprocal Trade signed connected February 9 says that the U.S. volition found a mechanics that volition let for definite textile and apparel goods from Bangladesh to person zero reciprocal tariff complaint for a to-be-specified measurement of exports from Bangladesh that are produced with fabric and MMF textile inputs, from the U.S.

“The U.S. Bangladesh statement is thing to beryllium disquieted astir by the Indian textile and apparel sector. The authorities has allayed the fears of the manufacture and indicated that India volition besides prosecute a akin proposal,” said A. Sakthivel, president of the Apparel Export Promotion Council.

India imports 5 lakh bales of American fabric annually, including 2.5 lakh bales of non-Extra Long Staple (ELS) varieties.