U.S. accuses India of new textile export subsidies
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The United States has always accused India of mistakenly providing new export subsidies for its textile industry, rather than completely banning subsidies in accordance with the provisions of the World Trade Organization (WTO). The United States also complained to the WTO that India ignored bilateral discussions on this issue.
Turkey also expressed dissatisfaction with the growth of India’s textile exports, claiming that Indian product subsidies resulted in the loss of Turkish exports.
However, New Delhi rejected these allegations.
A government official said: "India textiles do not despise any WTO regulations, and India still needs to clarify its obligations and gradually eliminate subsidies. However, India has no problems with bilateral discussions with other countries. India has recently held subsidies in Geneva and The anti-subsidy measures made clear at the meeting."
“The WTO Agreement on Subsidies and Countervailing Measures allows countries with a per capita income of less than US$1,000 (approximately 50,000) to provide export subsidies until the share of world trade for certain commodities exceeds 3.25%. In 2007, Indian textiles accounted for the world market. The share exceeded this limit, which is now about 4%. Since these countries are allowed to cancel the subsidy in eight years, India will cancel the subsidy until 2015."
The United States is concerned about increased quotas. The Indian government recently provided subsidies to the textile sector to help exporters fight the global economic slowdown.
These include export incentives for key textiles and key market plans for exporting textiles, cash subsidies of 2-3% of export value, exports of these subsidies to specific destinations, and certain export products.
Last year announced a special clothing product export to the EU and the United States market-product-linked key product plan, this plan has also been extended to the end of this fiscal year.
The Indian textile industry is certainly not ready to withdraw these subsidies.
Indian apparel exports are the eighth largest export products in the country. Exports during the first five months of the fiscal year fell 19.46% year-on-year to US$3.41 billion. Exports of cotton yarns, fabrics and finished products decreased by 3% over the same period to US$2.8 billion.
However, the textile export target for 2012-13 was set at US$40.5 billion, an increase of approximately 22% over the previous year.
Indian Ministry of Commerce officials said that India must first reach a consensus on these issues based on its WTO agreement obligations. "We have discussions with WTO officials and interested members at any time. However, we do not want to be forced to take hurried actions," said an Indian official.