The United States May Submit India's Cotton Export Restrictions To WTO Discussion.

2011/7/5 15:46:00 55

US Restrictions On Cotton WTO Discussion

According to a report released today by the media, the United States threatened to restrict India's export of cotton.

India issue

Submit to WTO.

The report said at a recent meeting of the WTO Agriculture Committee that the United States once said that India restricted cotton exports and led the world.

Price fluctuation

It should be discussed in the WTO whether India's practice is appropriate.

Pakistan and Canada have also expressed concern about India's restrictions on exports, the report added.

The India government banned in April last year due to the sharp rise in domestic prices.

Cotton export

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But in September 2010, because of the huge domestic production estimate, it allowed 5 million 500 thousand cotton exports.

Meanwhile, according to a recent report from the US Department of agriculture, the annual cotton production in India 2010/11 (August / July) is projected to be 24 million 500 thousand bales.

The export is expected to be 5 million 100 thousand packages, larger than the previous forecast of 4 million 800 thousand packages.

The US Department of Agriculture said: "cotton production in 2011/12 is expected to reach a record high, coupled with a decrease in domestic cotton consumption, which may prompt the government of India to announce that export policy will become more relaxed in the coming year of sales."