Dr A Sakthivel Welcomes India–US Joint Statement on Trade Deal

Dr A Sakthivel, Chairman of the Apparel Export Promotion Council (AEPC), has welcomed the India–US joint statement on the trade agreement, describing it as a significant step forward for India’s textile and apparel industry.

On behalf of the entire textile and apparel industry, we welcome the India- US joint statement on the trade deal.  We warmly extend our sincere gratitude and deep appreciation to the Hon’ble Prime Minister Shri Narendra Modi for his visionary leadership, and to the Hon’ble Minister of Commerce & Industry, Shri Piyush Goyal for his relentless efforts in successfully concluding the landmark trade agreement with the USA.  The coming decade is poised to be India’s decade in textile trade, as the country emerges as one of the most preferred sourcing destinations for global buyers.

The India- USA trade agreement represents a historic milestone for India’s textiles and apparel sector. It creates immense opportunities across the entire textiles value chain and is expected to generate substantial employment, particularly for the women and MSMEs. Farmers in rural India will also benefit significantly, reinforcing inclusive and sustainable growth.

The tariff eliminations and enhanced market access arising from this agreement will greatly strengthen the global competitiveness of the Indian textiles and apparel sector,  firmly establishing India as the most reliable and trusted sourcing hub worldwide.

This will also address the issue of non-tariff barriers to trade and reduce the compliance burden and procedural delays leading to the faster movement of goods to the US market.

This decade will undoubtedly usher in a golden era for the Indian textile and apparel sector.

Dr. A. Sakthivel

Chairman, AEPC