India's Cotton Export Policy Is Opposed By The Whole World.

2010/11/27 17:11:00 138

India's Cotton Trade Restrictions Limit Global Opposition To Cotton Prices

Textile Organizations in the United States, the European Union, Mexico and Turkey have written to their respective governments to urge the government to take immediate action to stop.

India government

Of

Cotton trade restriction

。

These organizations include the NCTO, the European Union of cotton textile industry, the Mexico CANAIMTEX, the Istanbul textile and apparel exporters association (ITKIB), and the Turkey Textile Workers Association (TTEA).

These organizations represent about 1000000 textile workers whose employment may be threatened by discrimination and illegal actions taken by India. India is the second largest exporter of cotton in the world, and India restricts or prohibits the export of cotton, in order to protect the interests of the domestic textile industry.

These organizations explained that, starting in April 2010, India adopted measures to restrict cotton exports, which triggered.

Global cotton prices rise

It doubled in October, while India guaranteed low price cotton to domestic textile factories.

These organizations once again explained that this unfair price led to a competitive tilt, which was only beneficial to India's textile and garment producers, which led to exporters in India able to provide their products at subsidized prices. Similarly, China's state textile mills purchased the remaining global supply at high prices, and they also enjoyed government subsidies, resulting in extreme fluctuations in prices.