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Please Do Not Rush To Give Bangladesh Clothing Zero Tariff Entry.

2011/9/7 14:17:00 39

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The India Federation of textile industry (CITI) asked the government not to make policy decisions hastily, allowing Bangladesh clothing tariff free quotas to enter the India market.

Shishir Jaipuria, CO chairman of India textile industry, said in a letter to prime minister Manmohan Singh, "we understand.

There is a proposal for Bangladesh clothing pairs.

India exports

Substantial concessions were provided.

We know that the government will usually use trade policy as a tool to achieve geopolitical goals.

In our view, such a policy decision needs to assess the possible consequences for the domestic garment manufacturing industry, as well as the resulting employment losses, especially for the unskilled female workers.

This will not be conducive to investment in the entire textile value chain, and the government of India wants to promote investment. "

Mr. Jaipuria said Bangladesh.

Garment manufacturing

The competitiveness of the industry is far greater than that of its India counterparts.

He added: "in the past 6 years (2005-2011) the annual compound annual growth rate of clothing exports in India is about 5%, rising from 8 billion 630 million US dollars in 2005-6 years to 12 billion 500 million dollars in 2010-11 years. Compared to that, Bangladesh clothing export growth rate in the same period was 18%, from 2005-06 7 billion 900 million dollars to 17 billion 920 million dollars in 2010-11 years. Bangladesh's goal is to exceed the US dollar in the next year.

He said, because Bangladesh is

Fabric

The supply depends on China, and India gives Bangladesh duty-free access, which will indirectly allow Chinese textiles to enter India market through Bangladesh. He urges the prime minister to ensure the fairness of India's textile industry and India's employment.