>>
Home / Knowledge / News / Textiles / Peru drops safeguard investigations on cotton yarn imports from India

Peru drops safeguard investigations on cotton yarn imports from India

24
Aug '09
Peru drops Safeguard Investigations on Cotton yarn imports The efforts made by the Cotton Textiles Export Promotion Council (Texprocil) and the excellent diplomacy by Indian Embassy in Peru have led to the Peruvian authorities deciding not to impose any Safeguard duty on import of Cotton yarn into Peru.

The shipments of Cotton yarn from India would now continue without any incumbrances. Commenting on the development, Shri V.S. Velayutham, Chairman-Texprocil said that "Being the largest supplier of Cotton yarn to Peru with a share of over 80% in total Peruvian Cotton yarn imports, Indian Cotton yarn exports would have been severely impacted in case the safeguard duties were imposed".

Exports of Cotton yarn from India reached a level of US$ 94.45 million during 2008, recording an impressive growth of 73.62%. On account of the safeguard investigations, imports of Cotton yarn from India during Jan-June 2009 recorded a sharp decline of (-)54.25%, reaching a level of US$ 24.79 million. It may be recalled that, aggrieved by the downturn faced by some of the Cotton yarn producers in Peru represented by SNI (Sociedad Nacional de Industrias), a complaint was filed to "National Institute of Defense of Competition and Protection to the Intellectual Property" (INDECOPI) claiming that rising imports of Cotton yarn are causing threat to the domestic Cotton yarn producers in Peru and requested imposition of safeguard duties on imports of Cotton yarn from all countries, including India.

On behalf of Indian Cotton yarn industry as well as exporters of Cotton yarn to Peru, the Texprocil made itself known as an "Interested Party" in the Safeguard Investigation (initiated under the WTO Agreement on Safeguards) and participated in the proceedings.

The excellent commercial diplomacy undertaken by the Indian Embassy in Peru and the effective arguments made by the Texprocil led to the Peruvian Investigating Authority dropping the proceedings without imposing any safeguard duty. Shri Velayutham hopes that "With no additional duty to be paid, Indian Cotton yarn exporters now can have a sigh of relief" "The excellent support extended to us by the Ministry of Textiles and Ministry of Commerce enabled us to take up the cause of Indian Cotton yarn exporters before the Peruvian authorities. We are also extremely thankful to the Peruvian government in this regard", Shri Velayutham said.


Cotton Textiles Export Promotion Council


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Ilker Hacioglu,

Ilker Hacioglu

Founded by three partners of French origin in 1988, LC Waikiki started its ...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

Kamal Khushlani, Mufti

Kamal Khushlani
Mufti

Based out of Mumbai, Mufti is a men’s clothing fashion brand. In an...

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

Leave your Comments

ESTEEMED CLIENTS

Huntsman (Singapore) Pte Ltd
Midas Clothing Limited
Aramark Uniform ;& Career Apparel, LLC
Puma
SYNERGIES HONG KONG LIMITED
C;&A Sourcing International Ltd
Hirdaramani International Export Private Limited
Lululemon Athletica Inc
Reiter India Private Limited
Boardriders Asia Sourcing Limited
Chico’ FAS
Babyshop
KAS Direct Sourcing
Etam Group Strategy Hong Kong Limited
Chori Company Limited
Page Industries Limited (Bangalore)
Eastman Chemical Company
T.T. Limited
IKEA of Sweden AB
Arvind Limited
Rosset ;& Cia Limited
International Textile Manufacturers Federation
Maceton Limited
The LYCRA Company Singapore  Pte. Ltd
Phong Phu international JSC (PPJ)
Lenzing Aktiengesellschaft
Brandix Lanka Limited
SHAHI Exports Pvt Ltd
Recron Polyester from Reliance Industries Limited
Aquarelle Clothing Limited
J ;& P Coats
Restoque S.A.
Abit
BIMBA ;& LOLA SL
Alison Hayes Romania
Groz-Beckert East Asia LLP
NITI Aayog
Calvin Klein
H;&M Hennes ;& Mauritz (Far East) Ltd
Bluestem Global Sourcing Limited
IDH – The Sustainable Trade Initiative
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
KIABI
Guess Europe Sagl,
Tchibo GmbH
Hela Clothing Pvt Ltd
Asos
Desigual - ABASIC, S.A.
Target Corporation (MN)
Alix Partners
Landmark Group
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Green Fibre
Cat Tuong Real Estate Group Joint Stock Company
Under Armour Global Sourcing Ltd
MAS Active / MAS Kreeda / MAS Bodyline
PVH Corporation
Tommy Hilfiger
Rayonese Textile Inc., Division de Culp Inc.
OVS Hong Kong Sourcing Ltd.
Walmart
G-Star Raw C.V.
John Varvatos
Lisa S.P.A.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Decathlon
Sainsbury's Argos Asia Limited
Vardhman Textile Ltd
Esprit Europe Services GmbH
Benetton Group
Truetzschler India Private Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Sportswear Company Spa
The Top Form Brassiere Manufacturing Company Limited
Tory Burch Hong Kong Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
Splash
Gokaldas Exports Limited
Varner AS Retail
Amazon China
BIANCA
Seasalt Limited
Helly Hansen Far East Ltd
Gloria Jeans
Sportmaster Ltd.
Grasim Industries Limited
Gap International Sourcing Limited
LC Waikiki
Lacoste (Wanchai)
THE BOMBAY DYEING ;& MFG.CO. LTD

January 2022

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


Advanced Search