India Seeks WTO Talks with Turkiye Over Polyester Fibre Safeguards
India has requested WTO consultations with Turkiye concerning the extension of safeguard measures on polyester staple fibres. As a significant exporter, India aims to review and discuss the measures and their implications. The talks are proposed for October, with India's trade interests at stake.
- Country:
- India
India has initiated a request for consultations with Turkiye through the World Trade Organization's safeguard agreement after Turkiye extended its safeguard measures on polyester staple fibres.
The move underscores India's position as a major stakeholder in exporting the concerned fibres, seeking a dialogue to assess information and discuss the continuation of these measures. India suggests virtual meetings on October 10 or 18.
India's trade with Turkiye reflects a substantial interest, with exports reaching USD 6.65 billion in the last fiscal year, further emphasizing the need for a mutually agreeable solution through WTO channels.
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