India’s apparel exports to the United States after the removal of duty concessions under the generalized system of preferences (GSP) programme of the United States have witnessed a rise of 5 per cent compared to the same period last year when the duty benefits were applicable, textiles minister Smriti Irani informed parliament upper house yesterday.
US President Donald Trump in July 2019 terminated India’s designation as a beneficiary developing nation under the GSP programme after determining that it has not assured the United States that it will provide ‘equitable and reasonable access’ to its markets earlier this year.
“Balance of apparel trade was in favour of India by $4 billion during 2018,” an official release quoted Irani as saying.
She also said the Indian textile industry is subject to provisions of the World Trade Organisation (WTO) Agreement on Subsidies and Countervailing Measures (ASCM), which stipulates that if a developing country member’s exports of a product have reached a share of at least 3.25 per cent of world trade of that product for two consecutive calendar years, it will be considered as export competitive in that product.
“Further, export subsidies on such products shall be gradually phased out over a period of eight years. As per this provision, India is obligated to phase out subsidies which are export contingent,” Irani added.
Author Profile

Latest Post
Apparel, Fashion & Retail2022.07.29GARTEX TEXPROCESS INDIA NEW DELHI EDITION TO BE BIGGER THAN EVER WITH MORE THAN 175 EXHIBITORS CONFIRMED
Apparel, Fashion & Retail2022.07.02TEXWORLD EVOLUTION PARIS
COTTON PRICE2022.06.26COTTON EXPECTED TO MODERATE IN THE NEW SEASON
News & Insights2022.06.15ITM 2022 EAGERLY AWAITED BY THE TEXTILE SECTOR HAS OPENED ITS DOORS WITH A RECORD NUMBER OF EXHIBITORS & VISITORS