Home / Knowledge / News / Textiles / India worried over changes in export subsidies at WTO
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

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search