India-Australia FTA to help increase apparel exports: AEPC
1 year, 11 months ago

India-Australia FTA to help increase apparel exports: AEPC

The Hindu  

Customs duty advantage under the India-Australia free trade agreement will help Indian apparel exporters get greater market access in that country as compared to their competitors, AEPC said on Tuesday. Apparel Export Promotion Council Vice Chairman Sudhir Sekhri said Australia is the largest importer of garments in the southern hemisphere. "With the India-Australia ECTA getting operationalised, India will have a slight duty advantage over Vietnam and Indonesia for imports in the Australian market," he said. Going by this growth trend and with the agreement coming into play, AEPC believes that the exports to Australia would grow three times by 2025, the Vice Chairman said.

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History of this topic

Competing in the Global Apparel Arena: How India Can Rise Above the Textile Tide
1 month, 3 weeks ago

Competing in the Global Apparel Arena: How India Can Rise Above the Textile Tide

Hindustan Times  

India's textile and apparel sector holds significant potential to create more and better employment, especially from the labour-intensive apparel segment. However, the sector faces important challenges in adapting to global market demands. It requires both the government and private sector to play their part. The government could help by rationalising domestic taxation and reducing import tariffs along the entire supply …

Apparel manufacturers hold meeting in New Delhi, discuss measures to increase exports to $40 billion by 2030
7 months, 2 weeks ago

Apparel manufacturers hold meeting in New Delhi, discuss measures to increase exports to $40 billion by 2030

The Hindu  

The Apparel Export Promotion Council held a meeting in New Delhi recently with buying agencies and liaison officers of overseas brands, to discuss efforts to increase Indian garment exports to USD 40 billion by 2030. Free trade agreements signed by India with Mauritius and Australia are paying dividends, as readymade garment exports to these countries in April - February of …

India raises issue of pharma pricing control in Australia
7 months, 2 weeks ago

India raises issue of pharma pricing control in Australia

Deccan Chronicle  

New Delhi: India has raised the issue of pharmaceutical pricing control in Australia, particularly on generic medicines, during a recent bilateral meeting between the officials of the two countries.The two sides have decided to work closely on timely resolution of market access issues, deepen people-to-people contacts, and create an institutional mechanism for sharing of preferential import data, the commerce ministry …

India looks for new textiles markets abroad as demand wanes in U.S., EU, says Union Secretary
11 months, 2 weeks ago

India looks for new textiles markets abroad as demand wanes in U.S., EU, says Union Secretary

The Hindu  

With demand for textiles exports turning sluggish in Europe and the U.S., India is looking for new markets through free trade agreements with countries such as Australia and the United Arab Emirates, Union Textiles Secretary Rachna Shah said here on Tuesday. Addressing a press conference, she said the Centre is taking steps to address the issues of lack of demand …

After FTA, India and Australia to boost economic ties
1 year, 1 month ago

After FTA, India and Australia to boost economic ties

Hindustan Times  

New Delhi HT Image After successful conclusion of a preliminary free trade agreement last year, India and Australia have started discussions to take bilateral ties forward in areas such as digital trade, micro, small and medium enterprises, traditional knowledge, labour, and sports, two people aware of the development said. New Delhi and Canberra concluded the seventh round of talks regarding …

India’s global exports in labour-intensive sectors declined in last 5 years: FIE
1 year, 2 months ago

India’s global exports in labour-intensive sectors declined in last 5 years: FIE

Live Mint  

With India experiencing a decline in global market share across segments during the last five years, the labour-intensive export sectors such as apparels, marine products, plastics, and gems and jewellery are showing a "troubling pattern", news agency PTI quoted FIEO report as saying. "An analysis of sector-wise export performance for the last five years reveal the troubling pattern that India …

Trade eyes more cotton imports from Australia
1 year, 7 months ago

Trade eyes more cotton imports from Australia

The Hindu  

India has exhausted the 51,000-tonnes quota of duty-free Australian cotton imports for 2023 and if the prices are at the right level, there is scope for more imports, according to a section of the cotton trade. According to Nishanth A. Asher, secretary of the Indian Cotton Federation, the speciality nature of the Australian cotton fibre offers potential for higher imports …

Australia aims to bolster security, economic ties with India
1 year, 9 months ago

Australia aims to bolster security, economic ties with India

Associated Press  

NEW DELHI — The prime ministers of India and Australia on Friday expressed concern over an “increasingly uncertain global security environment” and committed themselves to strengthening their defense and security partnership to ensure stability in the Indo-Pacific. Australian Prime Minister Anthony Albanese, on a four-day visit to India, and his Indian counterpart Narendra Modi did not directly refer to Russia’s …

India-Australia FTA: Cipla, Lupin, Sun And Other Top Drugmakers to Go Down Under in Bid to Push Up Exports
1 year, 11 months ago

India-Australia FTA: Cipla, Lupin, Sun And Other Top Drugmakers to Go Down Under in Bid to Push Up Exports

News 18  

India is looking at greater market access for its pharmaceutical products in Australia as its top drugmakers are set to visit the country in the first week of February, News18.com has learnt. The tour is a part of the pharmaceutical supply chain resilience initiative following India’s free trade agreement with Australia. All the top drugmakers of India such as Sun …

India-Australia major trade pact comes into effect
1 year, 11 months ago

India-Australia major trade pact comes into effect

Hindustan Times  

Commerce minister Piyush Goyal on Thursday formally operationalised the second major free trade agreement in 2022 – the India-Australia Economic and Cooperation Trade Agreement – by issuing preferential certificates of origin to some export consignments related to textiles, jewellery and pharmaceutical sectors in Mumbai. Piyush Goyal formally operationalised the India-Australia Economic and Cooperation Trade Agreement “All these products will attract …

India, Australia free trade agreement to come into force from December 29
2 years ago

India, Australia free trade agreement to come into force from December 29

India TV News  

The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years. "The Albanese government welcomes confirmation today that the Indian Government has completed its domestic requirements to enable implementation of the Australia-India Economic Cooperation and Trade Agreement," …

What India gains from FTA with Australia
2 years, 1 month ago

What India gains from FTA with Australia

Live Mint  

After 10 years of negotiations, India and Australia have finally agreed an interim free trade deal. Export council Pharmexcil’s Director General Ravi Uday Bhaskar said India has the highest number of USFDA-approved sites and other stringent regulatory agencies approvals too — which will yield results once ECTA comes into effect. FIEO also expects India’s share in Australia’s US$ 13 billion …

India, Australia winemakers step up alliance ahead of FTA
2 years, 6 months ago

India, Australia winemakers step up alliance ahead of FTA

Live Mint  

Indian winemakers have accelerated partnerships with Australian wineries in areas such as disease management, planting imported grape vines and ensuring smoother customs clearances at Indian ports. Though the interim free trade agreement signed in April is yet to be ratified; at a virtual meeting last month, industry representatives from both countries agreed to help lower the cost of growing grapes …

India’s trade pact with Australia will click: It ticks the right boxes
2 years, 8 months ago

India’s trade pact with Australia will click: It ticks the right boxes

Live Mint  

The India-Australia Economic Cooperation and Trade Agreement, signed on 2 April, is in many aspects a path-breaking trade agreement for both countries. One of the major factors behind this new FTA confidence and support shown by Indian Industry is that the government has identified the right set of countries for such trade and aggressively ensured meaningful market access for Indian …

India-Australia Trade Deal: Garment, Footwear, 96% Indian Goods Get Duty Free Access Down Under
2 years, 8 months ago

India-Australia Trade Deal: Garment, Footwear, 96% Indian Goods Get Duty Free Access Down Under

News 18  

India on Saturday inked a historic trade deal with its business partner Australia to export over 95 per cent of its goods to the island country free of duty. Terming ‘people to people’ relations as the key pillar of the relationship between India and Australia, Prime Minister Narendra Modi said, “This agreement will facilitate the exchange of students, professionals, and …

India, Australia sign trade pact to boost ties, PM Modi says 'watershed moment'
2 years, 8 months ago

India, Australia sign trade pact to boost ties, PM Modi says 'watershed moment'

India Today  

India and Australia on Saturday signed an economic cooperation and trade agreement under which Canberra would provide duty-free access in its market for over 95 per cent of Indian goods such as textiles, leather, jewellery and sports products. The India-Australia Economic Cooperation and Trade Agreement was inked by Commerce and Industry Minister Piyush Goyal and Australian Minister for Trade, Tourism …

India, Australia ink trade pact, Modi calls it 'historic moment'
2 years, 8 months ago

India, Australia ink trade pact, Modi calls it 'historic moment'

Deccan Chronicle  

New Delhi: India and its Quad partner Australia inked a historic Free Trade Agreement on Saturday called the “India-Australia Economic Cooperation and Trade Agreement" that was signed by commerce and industry minister Piyush Goyal and Australian trade minister Dan Tehan at a virtual ceremony in the presence of Prime Minister Narendra Modi and his Australian counterpart Scott Morrison. This agreement …

India, Australia Sign Landmark Free-Trade Deal, 1 Million Jobs to be Created. Details Here
2 years, 8 months ago

India, Australia Sign Landmark Free-Trade Deal, 1 Million Jobs to be Created. Details Here

News 18  

India and Australia on Saturday inked the India-Australia Economic Cooperation and Trade Agreement in a virtual ceremony attended by Prime Minister Narendra Modi, his Australian counterpart Scott Morrison, commerce minister Piyush Goyal and his counterpart Dan Tehan. @DanTehanWannon @PiyushGoyal #dosti pic.twitter.com/KktgqAm9ZN— Barry O’Farrell AO April 2, 2022 Speaking on the occasion, Australia Prime Minister Scott Morrison said that the trade …

India, Australia to Sign Trade Pact Today, Move to Benefit Thousands of Indian Exporters
2 years, 8 months ago

India, Australia to Sign Trade Pact Today, Move to Benefit Thousands of Indian Exporters

News 18  

India and Australia are set to sign an interim trade deal on Saturday whereby exporters of the former from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery, will get duty free access in the Australian market immediately. “The IndAus ECTA, encompassing trade in goods and services, is a balanced and equitable trade agreement, which will further cement …

India, Australia to sign interim trade pact on Saturday; thousands of Indian exports to get duty free access
2 years, 8 months ago

India, Australia to sign interim trade pact on Saturday; thousands of Indian exports to get duty free access

The Hindu  

Indian exporters from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery, will get duty free access in the Australian market immediately after the interim trade agreement between the two countries comes into force, according to government sources. Australia is offering zero duty access to India on about 96.4% value of exports from day one and this covers …

India, Australia To Sign Interim Trade Deal On Saturday. Indian Exports To Get Duty-Free Access
2 years, 8 months ago

India, Australia To Sign Interim Trade Deal On Saturday. Indian Exports To Get Duty-Free Access

ABP News  

New Delhi: India and Australia will sign an interim trade deal encompassing goods and services that will enable Indian exporters from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery to get duty-free access to the Australian market, government sources told news agency PTI. Sources also told PTI that over 6,000 tariff lines would be available for Indian …

Get these wrinkles out of the South Asian textile story
2 years, 9 months ago

Get these wrinkles out of the South Asian textile story

The Hindu  

South Asia became a major player in the global textiles and clothing market with the onset of the third wave of global production. Supportive industrial policy was an instrumental factor in the 1990s, with zero duty on raw material and capital machinery, as access to global markets led to the industry’s boom. India’s production centres are operational at near full …

India's brush with FTAs, in five charts
2 years, 9 months ago

India's brush with FTAs, in five charts

Live Mint  

Last month, India and the United Arab Emirates signed a comprehensive economic partnership agreement, which comprises a free trade agreement. The experience with four previous FTAs shows that following a relaxation in tariffs, India’s imports have generally risen at a faster pace than exports to the respective trading partners. This insight becomes pertinent as the UAE is India’s third-largest trade …

Mills association seeks rollback of duty on cotton imports
3 years, 10 months ago

Mills association seeks rollback of duty on cotton imports

The Hindu  

The Southern India Mills’ Association has sought a rollback of the 10% customs duty on cotton imports announced in the Union Budget, as it would escalate the cost of garments and result in higher import of garments, especially from countries such as Bangladesh and Sri Lanka. Ashwin Chandran, chairman of Southern India Mills’ Association, said that India imports mainly extra-long …

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