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US declares ‘resounding victory’ over India in WTO export subsidies dispute ...News
The World Trade Organization (WTO) has ruled that some $7 billion in Indian export subsidies violate trade rules and should be halted, upholding an American complaint filed last year and prompting US officials to declare victory. In its decision the WTO panel “recommended that India withdraw the prohibited subsidies” and tax breaks for certain favored exporters within 90, 120 and 180 days, depending on the type of subsidy. While the panel rejected aspects of the American complaint, the Office of the US Trade Representative nonetheless called it a win, celebrating the move as a “resounding victory for the United States” which will help
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