India and the EU may hold three more rounds of negotiations. India has already signed her FTA with Australia and is currently negotiating a deal with the UK.
India is currently negotiating a Free Trade Agreement (FTA) with the European Union (EU27). The two sides have already held three rounds of negotiations to finalize a trade deal with concessions from both sides. A senior Indian government official recently suggested that negotiations with the EU are progressing well and that a trade deal is likely to be finalized soon.
India exported $13.711 billion worth of apparel in the first 10 months of 2022, of which shipments to Europe reached $4.789 billion or 35.51% of the total. Europe is her second largest market for Indian apparel after North America. India’s apparel exports to North America accounted for her $5.298 billion, or 38.64% of the total, according to the report. Fiber2Fashion’s Market Insight Tool TexPro.
India’s apparel exports will reach $4.86 billion in 2021. In 2019 his exports fell from $5.581 billion to his 2020 exports of $4.325 billion. Shipments increased in 2021 and 2022, but fell short of 2019 levels. $5,686 million in 2017 tex pro.
Fiber2Fashion News Desk (KUL)
