WTO Asks India To Phase Out Preferential Measures For Textile Exports

< p > WTO constantly put pressure on India and asked India to phase out subsidies and incentives for its "a target=" _blank "href=" http://www.91se91.com/ "textile" /a "industry.

The European Union, Japan, the United States and Turkey jointly asked India to stop offering new subsidies and gradually eliminate existing subsidies, because India textiles already have export competitiveness.

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< p > however, India believes that many of the subsidies determined by the United States and other countries are not subsidies, but only the refund of import taxes.

India said that before the elimination of subsidies, there must be a consensus on what subsidies are.

The WTO Committee on subsidies and countervailing measures discussed this issue at a recent meeting.

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< p > WTO allows countries with a per capita income of less than $1000 to provide export subsidies until a specific commodity export is less than 3.25% of world trade.

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< p > according to the records of WTO, the world market share of India textiles exceeded this threshold in 2007, reaching almost 4%.

As each country has 8 years to abolish subsidies, India's time will end in 2015.

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< p > Turkey says India's export subsidies have created unfair competition for Turkey's textile industry.

Turkey urges India not to launch new subsidy schemes.

And said that this is preparing to discuss this issue with India.

Japan and the European Union also expressed concern about this.

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A p official in India said that India actually crossed the threshold in 2007 without clear boundaries.

We must reach an agreement on this.

In the 2012-13 years of India, the export of a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > exports decreased by 12.23% to 8 billion 400 million US dollars, while the export of cotton yarn, cloth and finished goods increased by 10% to 7 billion 500 million US dollars.

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