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India worried over changes in export subsidies at WTO
21
Dec '15
India has registered its “strong disappointment” over non-reaffirmation of the Doha Development Agenda and “concern” over a few amendments made in the draft decision and declarations on cotton, according to an agency report.

"I very clearly had mentioned under cotton that for the developing countries, we shall not accept the date. That date of 2017 has gone through, which is completely unacceptable to me ... So I would still appeal to delete the date given here," she said at the concluding session of the 10th WTO Ministerial Conference in Nairobi.

According to the draft decision on cotton, the members decided to phase out export subsidies for developed nations immediately, while it has been marked for developing countries not later January 1, 2017.

On the decision agreed on the phasing out of the export subsidies, Sitharaman said in some paragraphs, the term "developed members" has been substituted with "inclusive of developing countries" which is also "not acceptable" (to India)'.

As per the draft ministerial decision, the WTO members reaffirmed their commitment, pursuant to the 2013 Bali Ministerial Declaration on Export Competition, to exercise utmost restraint with regard to any recourse to all forms of export subsidies and all export measures would equivalent effect.

"Developed Members shall immediately eliminate their remaining scheduled export subsidy entitlements as of the date of adoption of this Decision. Developing country Members shall eliminate their export subsidy entitlements by the end of 2018," the declaration 2013 said. (SH)

Fibre2Fashion News Desk – India


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