India will receive concessional duty access for garments made using American yarn and cotton under its trade agreement with the United States, similar to benefits currently available to Bangladesh, Commerce and Industry Minister Piyush Goyal said on Thursday. Goyal said India will receive comparable treatment in the final agreement. ADVERTISEMENT"Bangladesh ko jo mila hai, wo Bharat ko bhi milne wala hai final agreement me (Whatever Bangladesh has got, India will also get the same in the final agreement," he told reporters. The minister stressed that the arrangement would not harm Indian cotton farmers, noting that US cotton exports are limited to about USD 5 million, while India’s target is USD 50 billion. India and the US have finalised the framework for the first phase of the bilateral trade agreement, which is likely to be implemented in March.

Source: The Telegraph February 12, 2026 11:20 UTC