New Delhi: India may move the Dispute Settlement Body of WTO in the face of the
adamant posture of European Union not to consider New Delhi's demand to extend the
concessions given to Pakistan under Generalised System of Preferences.
This follows the failure of the negotiations between India and EU in Geneva last
week, official sources told reporters.
The meeting was not able to break any ground as EU rejected India's plea saying it
would not be possible for it to grant similar concessions to New Delhi.
India has been seeking enhanced access to the EU either through the Generalised
System of Preferences (GSP) or otherwise to negate the adverse impact of EU's GSP
regime on India's textile exports.
Under the GSP scheme, EU had last year granted zero duty benefits to exports from
Pakistan for all products including textile articles on grounds of the country
effectively combating drug trafficking.
Bilateral discussions between the two countries began on February 6, 2002 with India
seeking compensation for an estimated loss of around 225-250 million US Dollars
worth of textile exports on account of preferential treatment to Pakistan and other
countries by the European Union.
Sources said the Textiles Ministry had fowarded its recommendations for moving the
DSB to the Commerce Ministry but added that India would attempt to flag the issue at
the meeting of the India-EU trade sub-committee in the capital next week before
firming up its stand.
PTI