COTTON TRADE - AGRICULTURE AND ECONOMY
News: Trade
eyes more cotton imports from Australia
What's in the news?
● India
has exhausted the 51,000-tonnes quota of
duty-free Australian cotton imports for 2023 and if the prices are at the
right level, there is scope for more imports, according to a section of the
cotton trade.
Key takeaways:
● Under
the Australia-India Economic Cooperation
and Trade Agreement, India imports 51,000tonnes of Australian cotton duty
free. It can also export textile and clothing duty-free to Australia.
Leading Cotton Producers:
Largest Exporter of Raw Cotton:
Largest Importers of Cotton:
Further Reference - Cotton