goyal: India to Get B'desh-Like Duty Perks on apparel in U.S. trade deal
New Delhi, Feb. 13 -- India will get concessional duty access for garments made by using American yarn and cotton under its trade agreement with the US, similar to the benefits provided to Bangladesh, minister Piyush Goyal said on Thursday. The US will reduce reciprocal tariffs on Bangladeshi goods to 19%, but garments attract zero duty if made with US cotton and man-made fibres. A Bangladeshi garment faces a 31% levy, and if it uses US fibres, then it falls to 12%. P10...
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