India asks US, EU to keep textile tariff formula
US, EU have flexibility to shield 65 sensitive textile products from immediate formula cuts. As members of the World Trade Organisation (WTO) are fighting out on the emerging Doha spaghetti trade deal with increasing number of flexibilities, India yesterday demanded that the existing system of preferences provided by the United States and the European Union to developing countries must be retained for 65 sensitive textile products in these two markets, trade negotiators said.