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India to Receive Same Garment Duty Benefits as Bangladesh Under US Trade Pact: Goyal
India gains duty-free U.S. garment access under a pact requiring use of American cotton and yarn, matching Bangladesh's benefits, with implementation expected in March 2026.
- On February 12, 2026, Commerce and Industry Minister Piyush Goyal said India will receive the same benefits Bangladesh secured under the final agreement and that a first-phase framework has been finalised.
- Under the US-Bangladesh agreement , garments made with US-origin cotton and man-made fibres receive zero-duty entry, with volumes tied to imports of U.S.-produced cotton and man-made fibres.
- Goyal said US cotton exports are $5 million while India aims for $50 billion in textile exports, and `Rahul Gandhi is a bundle of lies`, claiming Indian farmers' interests are protected in the trade deal.
- Implementation is likely in March, and India's larger spinning capacity could secure a bigger quota while shares of textile exporters such as Gokuldas Exports, KPR Mills, Arvind Ltd rebounded after Goyal's comments.
- Goyal said FTAs will open developed markets through nine FTAs, covering 38 countries, and Bangladesh accepted US-$3.5 billion in US agricultural purchases and labour commitments.
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India-US deal to have Bangladesh-style zero-duty textile access provision: Goyal
The upcoming India-US trade deal set for next month will offer Indian textile exports a zero reciprocal duty provision, mirroring the recent Bangladesh-US agreement. This move is expected to enhance India's competitive edge in the textile sector.
·India
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India to get same zero-tariff textile benefits as Bangladesh: Piyush Goyal on US trade deal
Commerce Minister Piyush Goyal on Thursday said that India will receive concessional duty access for garments made using American yarn and cotton under its trade agreement with the United States, similar to the benefits currently enjoyed by Bangladesh. The US will reduce reciprocal tariffs on Bangladeshi goods to 19 per cent. However, garments from Bangladesh attract zero duty only if they are manufactured using US cotton and man-made fibres. At…
·India
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R 50%
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