"Like Bangladesh": India To Get '0% Tariff' Deal From US On Textiles

India is poised to secure a '0% tariff' trade agreement from the United States for its textile sector, akin to the preferential treatment currently enjoyed by Bangladesh. Union Commerce Minister Piyush Goyal announced this development, emphasizing its potential to significantly boost India's textile exports and enhance competitiveness in the global market. The proposed tariff benefits are part of a broader effort to strengthen trade ties between India and the U.S., particularly in sectors where India has a competitive edge. This initiative aligns with India's goal to increase its share in the global textile market, which is critical for job creation and economic growth. The United States has historically been a key market for Indian textiles, and this move could further solidify bilateral trade relations, fostering economic cooperation that could benefit both nations. The Indian government is optimistic that these tariff concessions will provide a much-needed impetus to the textile industry, which has faced challenges in recent years due to fluctuating demand and competition from countries like Bangladesh and Vietnam.