The United States, the European Union, Japan and Turkey are urged India to cancel for textile industry to provide "unfair" export subsidies, but new Delhi is keen on further negotiations to phase out, to ensure that key export sector of India not be deprived of all support.
A senior official of the ministry of commerce said: "that's right, we can truly in the next three years of the textile industry cancel export subsidies, because India has break through these little presents the qualifications of the threshold. But, India will care to ensure that those who have to cancel cancel subsidies."
The world trade organization (WTO) subsidies and countervailing measures agreement to allow the per capita income of less than $1000 countries to provide export subsidies, as long as a specific industry less than 3.25% of world export trade. India accounts for the global textile market share is almost 4%, 5 years above the threshold of world trade organization regulations.
As a result of each country to 8 years cancel subsidies, therefore, eliminating subsidies time to India in 2015.
India's textile industrial league secretary general DK Neil said: "the government needs careful negotiation what kind of subsidies, because cancel textile industry subsidies have not get part of direct subsidies, but subsidies to all industries."
India exports of textiles, including clothing, it is said that between $31 billion and $32 billion. Accounting for about 14% of industrial output, accounting for more than 10% of the total export of India. Textile industry employs some 35 million people, is the biggest employer is second only to agriculture.
India's textile department benefited from a series of export promotion plan, for example the export-oriented enterprises and special economic zone plan, export promotion capital goods plan and sales promotion measures, such as key products and key market plan.
In addition to these plans, but also the tax burden and plan, such as tax rebates and licensing plan in advance.
Source "the Chinese textile nets"
Author: CaoHaiGong editor: Ashcol