Turkey, to which India’s exports were worth over $239million in calendar 2007,
increased import duty on Indian cotton products, including yarn, to 15 per cent
from the bound rate of about 5 per cent. Between January and September,
shipments were worth $1 12 million. “Turkey has agreed to hold consultations
with us under a WTO safeguard agreement,” an official said. However, India
retains the option of going to the DSB if the issue is not resolved through
bilateral negotiations, he said.