06-August-2026
Economy News
 
UK FTA may open $1-bn export opportunity for textile sector
05-Aug-2026

The India-UK Comprehensive Economic and Trade Agreement (CETA) could unlock an additional $1 billion of export opportunity for the domestic textile industry, according to a report by India Ratings and Research. By eliminating the earlier 12% tariff on Indian textile sector, the agreement is expected to boost the landed cost competitiveness of Indian goods in the UK market. However, industry experts said sustained gains will depend on disciplined execution, capacity expansion, and compliance with regulatory standards.

News Source:- https://www.financialexpress.com/policy/economy/uk-fta-may-open-1-bn-export-opportunity-for-textile-sector/4310401/?ref=hometop_hp