26-April-2024
Economy News
 
High tariffs faced by Indian exporters in EU, UK affecting exports performance: Govt
31-Jul-2021

High tariffs faced by domestic exporters in the European Union and the UK as compared to zero duty access given by these countries to nations like Bangladesh and Cambodia are affecting India's exports performance, Parliament was informed on Friday. Minister of State for Textiles Darshana Jardosh also said that the textile industry has been hugely affected due to the outbreak of COVID-19 pandemic. India's textiles exports in 2020 stood at USD 29.61 billion, while the shipments of Bangladesh, Vietnam and Cambodia in that year were aggregated at USD 37.95 billion, USD 37.10 billion and USD 7.77 billion, respectively.

News Source:- https://economictimes.indiatimes.com/news/economy/foreign-trade/high-tariffs-faced-by-indian-exporters-in-eu-uk-affecting-exports-performance-govt/articleshow/84888176.cms
 
 
 

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