India Began Investigating The Issue Of Additional Yarn Duty In Turkey

The Ministry of Commerce of India began consultations with the government of Turkey on the protection measures adopted by Turkey for imported cotton yarn. Meanwhile, the Ministry of Commerce of India has added additional Egyptian yarn products. tariff The problem began to investigate.

In July 2008, Turkey imported protection for imported cotton yarn. tariff 。 As a result, Turkey's tariffs on cotton yarn were 13%-20%, while Turkey promised. tariff The tax rate is 5% (which is promised by Turkey to the World Trade Organization). Egypt imposed a 30% tariff on cotton yarn in January 2009, while Egypt defined it. tariff The tax rate ranges from 15%.

Protective tariffs are intended to restrict import expropriation. To comply with the norms of the world trade organization, a country has proved that the sharp rise of imports has hurt domestic industries. This temporary nature tariff It can be expropriated for 4 years and extended to 8 years.

Turkey is the second largest export destination for India cotton yarn, while Egypt is the fifth largest destination. The import of cotton yarn from Turkey and Egypt has dropped sharply from India, the executive manager of India Cotton Textile Export Promotion Association said. Exporters of cotton yarn in India asked the government to make a dispute resolution to the World Trade Organization on this issue.

Officials of the Ministry of Commerce of India said they had initiated bilateral consultations with Turkey. The norms of the World Trade Organization indicate that an exporter can get compensation from countries requisitioned for violation of regulations. If the outcome of the consultation is not satisfied, the exporter can take retaliatory measures, such as increasing the import tax on imports from that country. In addition, the Ministry of Commerce of India began investigating the protective tariffs requisitioned by Egypt. Once details are disclosed, consultations will begin.

Editor in chief: Xu Qiyun