Will the EU ban Indian apparel exports?
http://www.fibre2fashion.com/industry- article/paidArticles/3247.asp Article Abstract: Indian textile industry and garment industry comprises around 8000-10,000 garment exporters , and supplies. 20%of value addition in the manufacturing sector is contributed by textiles, with export earnings of more than 28%. Indian textile sector contributes to approximately 4% of GDP. Currently, the Government has declared that European Union (EU) is raising non-trade barriers against India’s textile and apparel exports. This has placed the apparel exporters in doldrums. To ensure that the exports are not restricted in the European market, Commerce and textiles ministry is raising the issue of protective barriers in the EU-India sub-commission on trade. The Textiles Ministry plans to implement a common compliance code which includes all compliance issues. This code would be based on international standards with a global monitoring, evaluation, and endorsement. Learn more about Will the EU ban Indian apparel exports? @ Fibre2fashion