India and EU Conclude Free Trade Agreement for Textiles
India and the European Union (EU) have finalized negotiations on a Free Trade Agreement (FTA), enhancing market access for Indian textiles and apparel to the EU market, valued at USD 263.5 billion. This agreement is set to eliminate tariffs, providing significant growth opportunities for India's textile sector, particularly benefiting MSMEs, and addressing historical tariff disadvantages relative to competitors.
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