Need help? contact@example.com

India seeks duty-free market access for leather goods

India seeks duty-free market access for leather goods

In a strategic move to boost its leather exports, India is actively negotiating for duty-free market access in key global markets. The government aims to strengthen trade agreements and bilateral partnerships with regions such as Europe, the United States, and the Middle East, where high tariffs currently limit the competitiveness of Indian leather goods.

The Council for Leather Exports (CLE), in collaboration with the Ministry of Commerce, is pushing for preferential trade terms to expand India’s footprint in premium markets. Duty-free access is expected to reduce costs, making Indian products more attractive to international buyers and enabling exporters to compete effectively with counterparts from Vietnam and Bangladesh, who already benefit from favorable trade terms in some regions.

This initiative aligns with India’s goal to achieve a $50 billion export target by 2030 for the leather and footwear sector. By reducing trade barriers, the government aims to unlock the full potential of India’s leather manufacturing capabilities, create employment opportunities, and drive economic growth.

Negotiations are also focusing on securing concessions for sustainable leather goods, a segment that has seen increasing demand globally. Industry leaders have welcomed the move, emphasizing that duty-free access will not only boost export volumes but also help India cement its position as a global leader in the leather industry.

About The Author

Leave a reply

Your email address will not be published. Required fields are marked *