Knitwear exporters in Tirupur cluster have made an appeal to expedite signing of Free Trade Agreement (FTA) and Comprehensive Economic Partnership Agreement (CEPA) with the European Union.
The call was made ahead of the Union Minister of State for Commerce Nirmala Sitharaman’s scheduled meeting with the EU Trade Commissioner Anna Cecilia Malmstrom to take stock of the proposed FTA and other issues. A. Sakthivel, the president of Tirupur Exporter Association, said the country exported $7.23 billion worth of ready-made garments out of the total $16.82 billion ready-made garments exported from the country during 2014-15, to the EU.
“The FTA and the CEPA will help India increase the market share. Bangladesh is enjoying duty-free access to EU market now”
