CITI calls for ‘zero-for-zero’ tariff agreement with the U.S.

The Confederation of Indian Textile Industry (CITI) has urged a ‘zero-for-zero’ tariff agreement with the U.S. for textile and apparel trade. The U.S.-India trade balance in textiles and apparels remains strongly in India’s favour. In 2024, U.S. imports from India stood at about $10.8 billion, whereas U.S. exports to India were limited to just $0.41 billion, with cotton making up 50.6%. With reduced tariffs, exports to the U.S. could surge to $16 billion in the next three years, CITI said.