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Friday, February 23, 2024

50,000 tons of Aussie cotton gets duty free access to India

A high-level delegation representing Indian government officials engaged in discussions with Cotton Australia, ACSA, and Austrade to explore potential collaborations.

The talks aimed to identify areas of mutual interest and foster cooperation between the two nations.

With the activation of the Economic Cooperation and Trade Agreement (ECTA), 50,000 tons of Australian cotton can now enter India without tariffs as against the 11 percent duty paid earlier.

Cotton Australia said it is actively advocating for an increase in this tariff-free quota, working with government officials to grant Australian cotton greater access.

This move is intended to facilitate Australian brands wishing to manufacture Australian cotton in India.

During the discussions, the Indian side showed keen interest in understanding Australia’s sustainability credentials, particularly in relation to myBMP, as well as traceability and ongoing efforts regarding textile circularity.

A webinar for Indian cotton farmers was also organized to assist Indian growers in improving soil health.

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