India

Monday, 12 January 2015

Officials with India’s government say that they are considering shifting the focus of their textile and garment subsidy scheme from exports to overall production. Under World Trade Organization (WTO) guidelines, India will be forced to suspend its export subsidy this year because the country has garnered over 3.25% of the global market for more than 2 consecutive years. There are no WTO restrictions on production-based subsidies, however, though other countries would be able to impose countervailing duties on imported products that fall under this category. (Fibre2Fashion)

 

India’s Central Board of Excise and Customs says that it has expanded around-the-clock customs facilities to 13 airports and 14 seaports in an effort to expedite the flow of goods both into and out of the country. Industry analysts say that the move will also help reduce the cost of goods by making the customs clearance process more efficient. (Fibre2Fashion)

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