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Date: 20/05/2025

FTA could double India’s apparel trade with UK

India’s apparel and home textiles trade with the UK is poised for significant growth, with volumes expected to double over the next five to six years, driven by the recently concluded Free Trade Agreement (FTA) between the two countries, as per a report by credit rating agency ICRA. The FTA is expected to be operational in calendar year (CY) 2026, subject to legal review. Apparel and home textiles imported by the UK from India stood at $1.4 billion in CY2024, representing a 6.6% share of textiles imported by the country. Currently, a 8-12% duty is levied by the UK on apparel and home textiles imported from India. With tariffs being eliminated on 99% of Indian goods, including textiles, incremental capacities are likely to be added in the next 4-5 years to execute orders, said a report.
 
Source: Exim News Service: New Delhi, May 19



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