By Way Of Southeast Asian Countries, The GSP Policy Of Developed Countries Can Be Enjoyed.

Canada, the European Union and other countries and regions have totally stopped the preferential treatment of GSP for China's export products, and other countries have become an inevitable trend of implementing GSP in China.

At the same time, developed countries such as Europe and the United States continue to give

And so on.

According to the introduction, Southeast Asia and other countries export EU textiles only need 2% to 3% import tariffs.

Textile exports to the European Union need to impose about 12% tariffs.

Lately

The p Pacific Partnership (TPP) and the p European Free Trade Agreement will be signed, and tariffs on Vietnam's exports to Europe will be reduced to zero.

Bangladesh has 10 years' income tax exemption for foreign textile enterprises and ASEAN Free Trade Area tax relief policy.

Against this background, domestic textile and garment enterprises can pfer their capacity to Southeast Asia and enjoy preferential treatment of GSP in countries such as Europe and the United States so as to effectively reduce export costs.

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A comprehensive survey of India's textile and garment industry can be divided into yarn and fiber (including natural and man-made), processing fabrics (including wool, silk, jute textiles, cotton textiles and technical textiles), ReadymadeGarments (RMGs) and clothing.

As the second largest fiber producer in the world, India, the main production type is cotton, and produces all kinds of fabrics with up to 23 different varieties of cotton. Others include silk, linen, wool and man-made fibers. The multi production makes India's fiber products occupy an important position in the world. With abundant labor force, it also makes the locals the world's purchasing center. It is estimated that the market of textiles and garments in India will reach 221 billion US dollars in 2020.

In recent years, the most significant change in India's textile industry is the emergence of MMF. India has successfully sold innovative man-made fiber textiles to the world. In 2013, the annual output of man-made fibres and cotton yarn in India increased by 6%, the annual output of non cotton yarn increased by 5%, and the annual output of the clothing and accessories industry increased by 2%.

Under the official support of India and the India Garment Export Promotion Council (AEPC), from 2014 to 2016, the export of garments in India is expected to reach US $60 billion.

In fact, India is the third largest cotton producer in the world after Mainland China and the United States. It is also the largest jute producing country and the second largest producer of raw silk in the world.

India's textile related products, including Handlooms, account for 61% of the world's total output.

Textile exports accounted for 30% of India's total exports in 2013 and 27% of total foreign exchange through textile exports. It is estimated that this year (2015) will have a target of 220 billion US dollars.

Therefore, the growth and development of this industry directly affect the economic lifeline of India.