India loses export incentive case filed by US at WTO
NEW DELHI: India has lost a case filed by the US at the WTO against domestic export incentives as the dispute settlement panel on Thursday concluded that these schemes are inconsistent with the international trade norms.
With this ruling, India will have to re-work these incentive schemes to comply with the WTO ruling. However, India will appeal against the ruling of WTO's dispute settlement panel, an official said.
On March 14 last year, the US had dragged India to the WTO's dispute settlement mechanism over New Delhi's export incentive schemes, including Merchandise Exports from India Scheme (MEIS); Export Oriented Units (EOUs) and Export Promotion Capital Goods (EPCG) Scheme; and duty free imports scheme.
The US had alleged that these schemes were harming American companies.
The dispute panel in its report has concluded that most of these schemes like EOU, Electronics Hardware Technology Parks Scheme; EPCG, and MEIS are inconsistent with certain provisions of WTO's Agreement on Subsidies and Countervailing Measures.
The dispute panel recommended that India should withdraw the prohibited subsidies under DFIS within 90 days from adoption of the report.
Vivek Mahajan • 13 hours ago
Modi will hit back
Ru Acharya • 11 hours ago
How? By having another Howdy Modi ?
Anjan Kesh• Humara India • 11 hours ago
Feku will hit back only by mouth and bhakts will applaud.
Modi Manmohan Bhai Bhai• Bharat • 12 hours ago
Can India drag USA to WTO for pressuring India to buy oil not from Iran but from itself?
Guy Max• 3rdRockFromTheSun • 6 hours ago
You are kind of clueless. US is not pressuring anyone from buying oil from Iran. US is putting its own embargo on Iranian oil companies. So if you want to do business with Iranian companies, then you won't be able to deal with US companies. That's their own embargo. We have the choice to do business with Iran and lose business with US companies. It's our own choice.
Vijay Desikan• USA • 11 hours ago
No, because oil and agricultural produts (for India) are outside of WTO rules.
Dilip De • 12 hours ago
It is very unfortunate that the govt does not have expert lawyers in International laws, particularly for trade and the country keeps losing cases against USA. However, USA can''t do that against China. Recently India lost a case against Pakistan on air route. I suggest that govt emphasizes on merit first rather than on other considerations in employing govt officials.
Truth Hurts• 13 hours ago
The W,T,O, is controlled and manipulated by the USA, why did anyone think that we had a chance of beating the USA.
Vijay Desikan• USA • 11 hours ago
India often wins against the U.S. in WTO court.
Jose Varghese• Location • 12 hours ago
so, the best friend, father of India are all drama? It seems that Modiji does not have the good relationship with US..
Vijay esikan• USA • 11 hours ago
Only in India does personal relationships decide court cases. In the West and in WTO cases are decided on points of law, not personal relationships.
Jose Varghese• Location • 10 hours ago
Agreed on your point. however, being a "good friend" of Modiji, Trump could have withdrawn the case and worked with Modiji to find an amicable solution.
Lashtam Pashtam • 7 hours ago
USA is only friends if we buy their products and allow their companies in India.
selvarajc • 8 hours ago
Pkm • Lagos • 7 hours ago
Howdy Modi function in Houston seems to be a failure in reality
Pkm• Lagos • 7 hours ago
Cloud of impeachment hovering over Trump
Shri Mahesh • 12 hours ago
STOP EXPORTS. STOP ALL IMPORTS. ONLY MAKE IN INDIA. BOYCOTT FOREIGN MADE. JAI HIND
Pappu Pass or Fail • 8 hours ag
Now..Bhatkts will not complain Congrss fro its Loss..hehehe
Ramphal Sharma • Delhi, India • 5 hours ago
Trump....................modi....................is very close friends..............HOWDY - HOWDY ?
Aurobindo • Delhi • 5 hours ago
WTO is nothing but a handmaid of the US.
India lover • India lover • Delhi • 11 hours ago
INDIA should impose sanctions on USA...Afterall we are a superpower