The termination of the proceedings is said to become effective September 15, but an official communication from the EC is yet to come. The final outcome and reasons for the move will be known by next week.
Industry sources are hopeful that the EC may soon withdraw even the anti-subsidy measures. Bed linen exports to EU are expected to touch Rs 500 crore in the current year, up from Rs 400 crore in 2002-03. As the threat of anti-dumping duty is no more, bed linen exports to EU countries are likely to further increase over the next couples of months.
Chairman of the Cotton Textile Export Promotion Council (Texprocil) Lalit P Desai said, The council welcomes the EC decision to terminate the partial interim review.
We appreciate that EC has finally acknowledged that imports from India are not causing any injury to their domestic industry, said Mr Desai.
The repeated anti-dumping move on bed linen from 1994 has led to a sharp decline in Indias exports of these items to the European Union markets.