Government of India - Ministry of Textiles
28-November-2019 15:06 IST
The United States imported apparel valued at USD 17.7 million in 2018 under 15 categories that enjoyed Generalized System of Preferences (GSP). Balance of apparel trade was in favour of India by USD 4 billion during 2018.
Post-withdrawal of GSP, imports of apparel will be subject to higher tariff. As per provisional data, exports of apparel (post withdrawal of GSP) has increased by 5% as compared to the corresponding period before withdrawal.
This information was given by the Union Minister of Textiles, Smriti Zubin Irani, in written reply in the Rajya Sabha today. *** MM/ SB (Source: PIB Release)