India has said, removing cotton export subsidies by developed nations would help the Indian farmers and also prevent dumping of the subsidized natural fibre in India.The World Trade Organization in its meeting in Nairobi last December had decided on elimination of export subsidies on cotton by the developed countries. The decision will create a level playing field for domestic farmers in the poorest countries, the commerce ministry said in a statement. Noting that India is not a major user of the export subsidies, the statement said, India's push has helped in the Nairobi decision. It added that the government has been taking every step to protect the cotton- growers which includes procurement through Cotton Corporation at minimum support prices.
News On AIR | April 27, 2016 7:46 PM
Removing cotton export subsidies to help developing nations: India