diff --git a/lib/usd/translators/shading/usdFileTextureWriter.cpp b/lib/usd/translators/shading/usdFileTextureWriter.cpp
index bd6f7cf518..a9f7f7f759 100644
--- a/lib/usd/translators/shading/usdFileTextureWriter.cpp
+++ b/lib/usd/translators/shading/usdFileTextureWriter.cpp
@@ -37,6 +37,7 @@
 #include <pxr/usdImaging/usdImaging/tokens.h>
 
 #include <maya/MFnDependencyNode.h>
+#include <maya/MGlobal.h>
 #include <maya/MObject.h>
 #include <maya/MPlug.h>
 #include <maya/MStatus.h>
@@ -72,6 +73,7 @@ TF_DEFINE_PRIVATE_TOKENS(
     (alphaOffset)
     (colorGain)
     (colorOffset)
+    (colorSpace)
     (defaultColor)
     (fileTextureName)
     (outAlpha)
@@ -233,11 +235,20 @@ PxrUsdTranslators_FileTextureWriter::Write(const UsdTimeCode& usdTime)
         fileTextureName = relativePath.generic_string();
     }
 
-    shaderSchema.CreateInput(
-        _tokens->file,
-        SdfValueTypeNames->Asset).Set(
-            SdfAssetPath(fileTextureName.c_str()),
-            usdTime);
+    UsdShadeInput fileInput = shaderSchema.CreateInput(_tokens->file, SdfValueTypeNames->Asset);
+    fileInput.Set(SdfAssetPath(fileTextureName.c_str()), usdTime);
+
+    MPlug colorSpacePlug = depNodeFn.findPlug(_tokens->colorSpace.GetText(), true, &status);
+    if (status == MS::kSuccess) {
+        MString colorRuleCmd;
+        colorRuleCmd.format(
+            "colorManagementFileRules -evaluate \"^1s\";", fileTextureNamePlug.asString());
+        const MString colorSpaceByRule(MGlobal::executeCommandStringResult(colorRuleCmd));
+        const MString colorSpace(colorSpacePlug.asString(&status));
+        if (status == MS::kSuccess && colorSpace != colorSpaceByRule) {
+            fileInput.GetAttr().SetColorSpace(TfToken(colorSpace.asChar()));
+        }
+    }
 
     // The Maya file node's 'colorGain' and 'alphaGain' attributes map to the
     // UsdUVTexture's scale input.
diff --git a/lib/usd/translators/shading/usdUVTextureReader.cpp b/lib/usd/translators/shading/usdUVTextureReader.cpp
index a79a022cc5..49fecdcf96 100644
--- a/lib/usd/translators/shading/usdUVTextureReader.cpp
+++ b/lib/usd/translators/shading/usdUVTextureReader.cpp
@@ -60,6 +60,7 @@ TF_DEFINE_PRIVATE_TOKENS(
     (alphaOffset)
     (colorGain)
     (colorOffset)
+    (colorSpace)
     (defaultColor)
     (fileTextureName)
     (outAlpha)
@@ -190,6 +191,15 @@ bool PxrMayaUsdUVTexture_Reader::Read(UsdMayaPrimReaderContext* context)
         if (status == MS::kSuccess) {
             UsdMayaReadUtil::SetMayaAttr(mayaAttr, val);
         }
+
+        // colorSpace:
+        if (usdInput.GetAttr().HasColorSpace()) {
+            MString colorSpace = usdInput.GetAttr().GetColorSpace().GetText();
+            mayaAttr = depFn.findPlug(_tokens->colorSpace.GetText(), true, &status);
+            if (status == MS::kSuccess) {
+                mayaAttr.setString(colorSpace);
+            }
+        }
     }
 
     // The Maya file node's 'colorGain' and 'alphaGain' attributes map to the
diff --git a/test/lib/usd/translators/testUsdExportImportRoundtripPreviewSurface.py b/test/lib/usd/translators/testUsdExportImportRoundtripPreviewSurface.py
index c824cf2d3e..77152da21f 100644
--- a/test/lib/usd/translators/testUsdExportImportRoundtripPreviewSurface.py
+++ b/test/lib/usd/translators/testUsdExportImportRoundtripPreviewSurface.py
@@ -86,6 +86,7 @@ def testUsdPreviewSurfaceRoundtrip(self):
         txfile = os.path.join("UsdExportImportRoundtripPreviewSurface",
                               "Brazilian_rosewood_pxr128.png")
         cmds.setAttr(file_node+".fileTextureName", txfile, type="string")
+        cmds.setAttr(file_node+".colorSpace", "ACEScg", type="string")
         cmds.setAttr(file_node + ".defaultColor", 0.5, 0.25, 0.125,
                      type="double3")
 
@@ -135,6 +136,7 @@ def testUsdPreviewSurfaceRoundtrip(self):
         self.assertTrue(cmds.getAttr("usdPreviewSurface2.useSpecularWorkflow"))
         self.assertEqual(cmds.getAttr("file2.defaultColor"),
                          [(0.5, 0.25, 0.125)])
+        self.assertEqual(cmds.getAttr(file_node+".colorSpace"), "ACEScg")
         original_path = cmds.getAttr(file_node+".fileTextureName")
         imported_path = cmds.getAttr("file2.fileTextureName")
         # imported path will be absolute: