EU-India Trade Pact to Boost Hosiery, Textile Exports: WBHA
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News18•28-01-2026, 18:15
EU-India Trade Pact to Boost Hosiery, Textile Exports: WBHA
- •The India-EU trade agreement is expected to significantly benefit India's hosiery, garment, and textile industry, especially clusters in eastern India.
- •West Bengal Hosiery Association (WBHA) Vice-President Ramesh Agarwal stated that garments and hosiery would be key beneficiaries, improving market access in Europe.
- •Agarwal noted that the pact's implementation could take over a year due to the need for parliamentary approval from individual EU member countries.
- •Once operational, the EU-India deal will give Indian textile exporters a competitive edge over Bangladesh in the European market.
- •Concerns were raised about strained India-US trade relations, which have impacted textile exports worth nearly USD 8 billion and created labor retention issues.
Why It Matters: The EU-India trade pact is poised to significantly boost Indian hosiery and textile exports, enhancing market access.
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