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US allege India violating global trade rule for export competitiveness in textiles

Related Keywords: African countries, both woven and knitted, developing countries to phase out export subsidies, expanding scope of MEIS, export of cotton fabrics, gained export competitiveness, includes Textile, increase in incentive, Indian government, made ups to leading market, support exports, United States raised issue, violating global rule, WTO agreement

The United States has raised issue over increase in incentive by Indian government to support exports of several products which includes textile while expanding the scope of the Merchandise Exports from India Scheme (MEIS) this October. The Indian government has included exports of cotton fabrics, both woven and knitted, and made-ups to leading markets including African countries under the MEIS.

Cotton growers of Vidarbha likely to face another year of recession as China to curb import

Related Keywords: cotton import quota, crude oil price, market price, raw cotton and lint, Textile Association India, textile business, Vidarbha cotton growers, WTO agreement

Chinese demand is an important factor for determining market prices of raw cotton and lint. Due to a fall in Chinese demand, cotton prices have touched the minimum support price of Rs4050 a quintal in India, bringing tough times for Vidarbha farmers.

According to the trade representatives attending the Textile Association-India (TAI) conference in Nagpur, Vidarbha cotton growers likely to face another year of recession as China, the major consumer of Indian cotton, plans to keep imports of the commodity under control.

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