Home / Knowledge / News / Textiles / Texprocil hails Turkish cotton yarn safeguard duty removal
Texprocil hails Turkish cotton yarn safeguard duty removal
04
Jan '13
Turkey has repealed the safeguard duty imposed on import of cotton yarn with effect from 4th August 2011 for a period of 3 years on 31st December 2012. 

Welcoming this move, Shri Manikam Ramaswami, Chairman, Texprocil complimented the Government for its proactive efforts in ensuring that the unjustified measures imposed by Turkey were withdrawn well before their official expiry by August 2014.

It may be recalled that these measures were an extension of an earlier safeguard measure imposed by Turkey against the import of cotton yarn for a period of 3 years from 14.07.2008. 

India had held consultations with Turkey on 12th and 13th March 2012 and impressed upon them the serious violations that had taken place while imposing safeguard duties on import of cotton yarn and that Turkey had breached safeguard provisions of GATT and WTO Agreement on Safeguard Measures by illegally extending the duties after t he original period for which the safeguard measure was put in place had expired as there was no such provision in the Agreement.

The withdrawal of the Safeguard Measures on imports of cotton yarn into Turkey augurs well for exports of cotton yarn from India which had declined from US $ 198 Million in 2007(prior to imposition of Safeguard Measures) to US $ 94.57 Million in 2011. 

During January – October 2012 imports declined to US $ 20.77 million from US $ 85.30 million i.e. by (-) 75%.  In quantity terms imports declined to 4.20 million kg from 14.85 million kg during this period.   India also slipped to the 4th position in terms of supplier in 2012 from being the largest supplier in 2008. 

With Turkey being the gateway to Europe, removal of safeguard duties would enable India restore its exports to earlier levels and also increase its market share. The Council has already drawn up plans to participate in the Istanbul Yarn Fair in Turkey being organized from 29th May 2013 to 1st June 2013.

Shri Manikam Ramaswami stated that the Government of India had an excellent record in defending the trade interests of exporters especially in the textile sector which is highly vulnerable to various trade defense measures like Anti Dumping and Safeguard Action due to its importance in the economies worldwide.

Texprocil


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search