Home / Knowledge / News / Textiles / India to appeal at WTO against high duties imposed on textiles
India to appeal at WTO against high duties imposed on textiles
06
Mar '09
India has vehemently protested the levying of anti-dumping duty on cotton textile imports originating from India, by Turkey and Egypt and has sought to approach the World Trade Organization (WTO), if the issue is not amicably resolved and seek appropriate compensation for the loss to business from this additional duty.

Since the unveiling of the global economic crisis, more and more countries are creating tariff barriers under the guise of protecting their local industry and this threat from India could prove to be a warning for other countries like Brazil, Peru and Bangladesh which are also contemplating doing the same, to curb imports from India.

Both Turkey and Egypt, hailing from amongst the top five cotton textile importing countries from India, had increased duties on imports of cotton textiles from India, in contravention of WTO rules. But both countries have the option of arguing by saying that the high volumes of cotton textile imports were detrimental to the interests of local producers.

But, if the issue is not settled amicably, with the two countries, and India does approach the WTO to claim compensation, which is estimated to be in the region of US $2 billion, it will set a precedent for other countries to approach the WTO to appeal against high tariff barriers erected by many other countries.

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

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

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
January 2017

January 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