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US, EU top export destinations for India

As revealed the by the Textile Ministry, the US is the top export destination for apparel made in India with a share of 17 per cent, followed by the EU, Bangladesh, China, Pakistan, UAE, Vietnam, Sri Lanka, Brazil and South Korea, respectively

Indian 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 per cent and 6.2 per cent, respectively.

In comparison, Pakistan faces zero per cent and 5.3 per cent average tariff in the EU and US, respectively; for Bangladesh it is zero per cent and 3.9 per cent; whereas Vietnam attracted 6.1 per cent and 5.5 per cent tariff.

 

 
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