INDIA: US and Turkey urge end to export subsidies
The US and Turkey have urged India to start phasing out export subsidies given to its textile and clothing industry as part of government efforts to help exporters fight the global slowdown.
The comments were made at a World Trade Organization (WTO) Committee on Subsidies and Countervailing Measures at the end of last month.
The WTO in 2007 found India was "export competitive" after its share of the global textiles market exceeded 3.25%.
But India reiterated that it wants clarity and common understanding first on certain issues about its obligations to phase out subsidies, and that it is open to bilateral discussions.
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