Recently a delegation of Indian textile companies visited Tunisia to further explore cooperation between the two countries in the sector of textiles. Textiles and garments exports from Tunisia amount to US $4.7 billion.
The Tunisian textile and garment industry has zero duty access to the European Union with a provision that the final product exported in to the EU contained fabric which has been manufactured domestically or imported from the EU.
This policy makes it an attractive destination for Indian investors. The Indian delegation was assured of attractive tax benefits and incentives for investing in the textile sector in Tunisia, via joint ventures or otherwise.
These investments will guarantee a free tariff access for the textile and garment products manufactured in Tunisia to the European Union, which is the second biggest importer of textiles and garments after the US in the world.
Fibre2fashion News Desk - India
marketing@alchempro.com
