In a recent communiqué from the Tirupur Exporters’ Association (TEA), the government of India was strongly urged to take steps towards signing a Free Trade Agreement (FTA) with the United Kingdom (UK) in order to boost exports inclusive of garment items. The communication was conveyed to the Prime Minister Narendra Modi beseeching him to issue directives accordingly to the commerce ministry.
TEA president, Sakthivel penned a letter to the Prime Minister expressing the sentiment that the time is appropriate for India to commence negotiations with the UK for signing the FTA. The letter also stated that the deal could be easily clinched as India is in the list of favored nations of the UK for trade purposes.
Sakthivel further said, “India has been facing a lot of issues including movement of professionals, which have stunted the negotiations to have FTA with EU, which consists of 28 countries including the UK. By starting the negotiations with the UK immediately for FTA, India could get the early bird advantage.”
At present the UK occupies the number one country in the EU to which Indian garments are exported.