Indian Textile Trade fair will be held in Bangladesh, January 11 to 14, 2023. The fair is being organized by the Southern Gujarat Chamber of Commerce and Industry (SGCCI), which is expecting a footfall of 20,000 including garment exporters, manufacturers, importers, distributors, wholesalers, fashion designers and textile businessmen.

SGCCI is the oldest apex body of Gujarat, with a total focus on growth and development of trade and industry of the southern Gujarat region. Bangladesh imports textile fabrics from different countries and Surat hopes to be a part this textile fabric supply. India can double its merchandise exports to Bangladesh if the latter reduces its peak tariff of 25 per cent on 415 goods under the proposed Comprehensive Economic Partnership Agreement (CEPA).

India has export competitiveness in these 415 goods. However, India meets hardly 22 per cent of the total import demand of Bangladesh in these 415 goods as the 25 per cent peak import tariff levied by Bangladesh acts as an impediment for Indian exports.These 415 products include denim, woven fabrics, iron and steel articles, paper and paperboard, fresh grapes, electric conductors, gems and jewelry, plastic products, cardamom, footwear, tricycles, washing and cleaning chemicals, ceramic sinks, stranded wires and cables etc.