INDIA: Trade Associations Call For National Forum
Trade association ministers have called for a national forum to be set up to tackle issues surrounding the globalisation of the textiles market and next months dropping of quantitative restrictions.
Manikam Ramaswami, chairman of the Southern India Mills Association, told the Hindu Business Line: "The confederation of textile industry in India should be a forum which should have representations from every segment of the textile sector as such a common arrangement would be important to handle issues such as anti-dumping".
Under World Trade Organisation regulations, there has to be a minimum of 25 per cent of industry and trade members to back up any trade disputes.
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