India-EU FTA: Zero-Duty Access Boosts Textile & Apparel Exports, Levels Playing Field

• India and the European Union have concluded negotiations for a Free Trade Agreement (FTA).
• The FTA grants Indian garments and clothing zero-duty access to the EU market, enhancing competitiveness.
• This move will level the playing field for Indian textile exporters against competitors like Bangladesh and Vietnam, who currently have tariff advantages.
• Industry bodies AEPC and CITI anticipate a significant confidence boost and increased market access for Indian exporters.
• Projections suggest Indian apparel exports to the EU could grow by 20-25% year-on-year after the FTA's operationalization.

Why It Matters: The India-EU FTA provides zero-duty access for textiles, boosting exports and competitiveness significantly.