India - UK FTA: Which Apparel Categories Will See a Boom? Exporters Weigh In The India - UK FTA gives India’s apparel exports a 9.6 per cent duty edge over China, which is currently the UK’s largest supplier of RMG, with a 25.6 per cent market share. Right now, India exports around US $ 1.2 billion worth of garments to the UK, out of its total RMG exports of US $ 16 billion. The proverb – the fruit of patience is sweet – fits perfectly with the India - UK Free Trade Agreement (FTA). After three - and - a - half ye ars of intense back - and - forth, the deal is finally done. But the sweet part? That’s still a bit down the road. The 26 - chapter FTA is now in the legal vetting stage, where both India and the UK will review the details. Following this, India’s Union Cabine t and the UK Parliament must formally approve it. This whole process could take up to 15 months, though both sides are keen to move faster. Still, the timing of the agreement carries weight. It was signed by the world’s fifth and sixth largest economie s, India and the UK, at a time when global trade is facing several headwinds from reduced demand in major economies to ongoing geopolitical tensions and the US - China tariff war. The big question: How would this FTA help India’s apparel industry ? If you want to read this and other Fashion and Apparel Industry articles, Apparel & Garments News,Apparel Industry updates related news Click here: - apparelresources.com