Related Keywords: additional export subsidies, global trade rules, latest FTP by Indian government, newly incentive package, safeguard and countervailing measures, textile sector, US express concern, WTO committee
US has expressed concern over the newly incentive package announced for textile sector in the latest foreign trade policy by Indian Government at a recent meeting of the World Trade Organization (WTOs) committee on safeguards and countervailing measures in Geneva.
The US has accused India of handing out additional export subsidies to the sector which has become globally competitive and should not be incentivized going by global trade rules.
