India and Turkey to discuss textile trade safeguard dispute
India and Turkey will hold discussion in the first week of April on a dispute relating to a three-fold hike in import duty by the Turkish authorities on Indian cotton textile. The talks, to be held in Geneva on April 6, will follow India's r equest for mutual consultations within a framework of the World Trade…
Egytex News Desk
Source: Hindu
Turkey, to which India's exports were worth over $239million in calendar 2007,
increased import duty on Indian cotton products, including yarn, to 15 per cent
from the bound rate of about 5 per cent. Between January and September,
shipments were worth $1 12 million. “Turkey has agreed to hold consultations
with us under a WTO safeguard agreement,'' an official said. However, India
retains the option of going to the DSB if the issue is not resolved through
bilateral negotiations, he said.
Source: Hindu
From the Egytex news archive, first published on 25 March 2009. Figures and names are as reported at the time.
