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Related Keywords: abolishing export sops, allowed by the WTO, beyond next year, coming up with a deadline, direct subsidy schemes, examining alternative schemes, Indian Commerce and Textile Ministries, Indian textile and clothing exporters, quality upgradation and subsidising capital expenditure, replace with indirect, wean off exporters, World Trade Organisation

With the World Trade Organisation (WTO) coming up with a deadline for abolishing export sops beyond next year for Indian textile and clothing exporters. The Indian Commerce and Textile Ministries has started examining alternative schemes that are allowed by the WTO such as ones for quality upgradation and subsidising capital expenditure to wean off exporters from direct subsidy schemes and replace them with indirect benefits.

Related Keywords: agreed export subsidies for agriculture abolished, developing countries, especially Pakistan, finding difficult to capitalize on cost, international price competition, Major lint producers, mostly for cotton growers, subsidies on agriculture commodities, United States allocated more than USD six hundred billion, World Trade Organisation

Major lint producers in developing countries especially Pakistan are finding it difficult to capitalize on cost and international price competition as the United States has allocated more than $600 billion for subsidies on agriculture commodities - mostly for cotton growers.

Related Keywords: anti-dumping duty, global market, high cost of key raw material, in consultation with Finance and revenue department, look at duty cut on MMF, making Indian goods uncompetitive, manufacturing blended garment, most common man-made fibres, Textile Ministry, tonnes of material imported, viscose fibre, World Trade Organisation

The textile ministry in consultation with the finance and revenue departments to look at the possibility of a duty cut on man-made fibre as high cost of key raw material for manufacturing blended garments is making Indian goods uncompetitive in the global market. Each year, nearly Rs . 900 crore worth of man-made fibre material is imported by garment makers.

The textile industry has been intensely lobbying for duty cuts on both domestic and import fronts, had been given hope during the previous year's budget, but the decision is yet to arrive.