Now Reading: Indian garment exporters seek U.S. tariff quotas on cotton clothes
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Indian garment exporters seek U.S. tariff quotas on cotton clothes
Indian garment exporters seek U.S. tariff quotas on cotton clothes
Indian garment exporters hope the U.S. will grant a tariff-rate quota for clothes made with American cotton, similar to concessions given to Bangladesh, Indonesia and Malaysia. Export promotion council officials told The…
The Story in Brief
Indian garment exporters hope the U.S. will grant a tariff-rate quota for clothes made with American cotton, similar to concessions given to Bangladesh, Indonesia and Malaysia. Export promotion council officials told The Hindu on Wednesday that the Indian government is negotiating tariff relief, as India imports substantial U.S. cotton and is a major buyer.
The quota-based concession would not cover all garment exports. Officials said India is also pursuing a bilateral trade agreement with the U.S. and faces a tariff threat due to its oil imports from Russia. They noted the U.S. garment import market is worth $80 billion, while the EU imports $120 billion, offering an alternative.
The Indian Opinion
The tariff-rate quota talk hides a blunt reality: India wants preferential access while buying Russian oil, which Washington eyes warily. Bangladesh's deal is a quota, not a free pass, and India's gains will be modest. The real test is whether the EU market opens wider, and whether Indian exporters can meet quality and labor standards there. Watch for the bilateral trade agreement's tariff lines, not the headline numbers.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
