Implementation of the free trade agreement between India and Australia will help boost garment exports, AEPC said on Wednesday. The agreement was approved by the Australian Parliament on Wednesday, paving the way for its rollout.
Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said the duty-free access for the sector to Australia under the trade pact will bring domestic exporters at par with global competitors and make local products competitive.
“This will also provide a good opportunity for the Australian companies to embrace China plus one policy,” he said.”
Recently, an AEPC delegation participated in the International Sourcing Expo in Australia.
Goenka said that the Australian companies are eagerly waiting to forge stronger ties and source garment and textiles products from India and this deal will be a shot in the arm for them.
“AEPC will be facilitating the Indian companies to connect with the right partners through its export promotion initiatives,” he added.
