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Is it easier for India's duty-free import policy to lose its organic cotton certification? Huac

2022-11-11

Is it easier for India's duty-free import policy to lose its organic cotton certification? Huacheng Import and Export Data Observation Report:

According to foreign media, recently Piyush Goyal, Minister of the Ministry of Textiles of India, advised Indian textile mills to avoid purchasing cotton without traceable certificates. In the future, the Indian government will be committed to strengthening the construction of cotton testing equipment to ensure that all states have complete facilities. Huacheng Import and Export Data Observation Report. In addition, Huacheng Import and Export Data Observation reported that all localities need to build laboratories with the qualification to issue organic cotton certification, thereby effectively reducing certification costs.

According to the Huacheng Import and Export Data Observation Report, based on the early call of the local textile factory to extend the duty-free import policy, the minister responded that the duty-free import policy of Indian cotton will not be extended.

In addition, the Confederation of Indian Textile Industries (CITI) and the Cotton Association of India (CAI) are cooperating with MCX to modify the delivery rules of cotton futures contracts. In the future, the cotton futures trading rules will be more perfect. Huacheng Import and Export Data Observation Report.


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