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India to continue sops for textile exporters despite US demand to do away immediately

Related Keywords: export subsidies, Indian textile exporters, Subsidies and Countervailing Measures, textile sector, US demand, WTO rules

Washington argues that New Delhi no longer qualifies to give concessions for textile exporters under the World Trade Organisation (WTO) rules as it attained export competitiveness in the textile sector eight years back. But India has decided to continue with export sops for the sector in the new fiscal and, probably, the following two years as well.

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