Economic partnership agreements will promote India's textile exports to Japan Service

 Clothing online  recession due to weaker demand in Western markets, therefore, the Indian textile and garment exporters are gearing up to expand exports to Japan, the Japanese apparel and textile market size $ 37,000,000,000 Indian companies optimistic about the prospect of preferential access to the Japanese market.

India and Japan Economic Partnership Agreement is expected to be implemented soon, according to the agreement, textiles and clothing exports will enjoy zero tariffs, Indian exporters will be fully able to Vietnam, Bangladesh and ASEAN national competitors. Indian exporters now account for Japan's textile and apparel import market share of less than 1%, while Japan, China textile and apparel imports accounted for 90% of market share, but, outside of Japanese industrial sourcing in China want to show overwhelming popularity, therefore, India will use this advantage to expand market share in Japan and India.

23.5 billion in Japan, India, readymade garments market share is minimal, compared with China's share of nearly 92%. Economic Partnership Agreement (EPA) must change this situation, the Indian Apparel Export Promotion Council chairman VimalKirtiSingh that if we fully grasp this opportunity, we should be exported to Japan in the coming years will increase to 1.5 billion -20 billion .

Indian industry has stepped up to take this opportunity, India - Japan Fashion Forum has been established, the Forum will help the textile and garment enterprises. The proposed forum will be in Japan and India each have an advisory committee.

Mr Singh said that although Japan keen on the In addition, India to shorten the delivery time. Meanwhile, India must adapt to the procurement of Japan, Japan is not directly under the orders, most of the time by the designated procurement agent and trading company under the order.

According to sources, Japan and India economic partnership agreement negotiations have ended, the final agreement may be signed in the coming months. At present Bangladesh, Vietnam, Myanmar, Indonesia and other ASEAN countries enjoy duty-free status of the Japanese market.

If you get the same status as India, the Indian textile and clothing exports to Japan should be greatly promoted. At the same time, Japanese companies can expand their textile and apparel market in India's position, especially in man-made fibers and fabrics company.

According to published estimates, in 2009, 8.6 billion Japanese textile exports, imports about 36.5 billion, compared with India's current exports to the U.S. and European markets 22 billion U.S. dollars higher than the 70 %.