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India-UK FTA: Shift in supplier landscape & key home textile products

28 Nov '24
4 min read
India-UK FTA: Shift in supplier landscape & key home textile products
India-UK FTA: Shift in supplier landscape & key home textile products

Insights

  • The India-UK FTA promises to not only reshape trade dynamics between the two countries but also impact other major textile exporters.
  • If UK reduces tariffs on Indian textiles, it will likely result in significant trade diversions.
  • Key textile-exporting nations could experience declining exports in specific product categories due to increased competition from India in the UK market.

The findings reveal that key textile-exporting nations—including China, Bangladesh, Pakistan, Türkiye, and Portugal—could experience declining exports in specific product categories due to increased competition from India in the UK market. This article delves into the anticipated impact on each of these countries, examining how their exports might be affected and exploring the possible responses as they navigate the shifting landscape of global textile trade.

Table *: Trade Diversion of Top * Losing Countries (in $ million)

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