WTO sets panel to examine the India, U.S. export case

Posted on:29 Oct 2018 12:50:06
WTO sets panel to examine the India, U.S. export case
29 October 2018 Current Affairs:

The World Trade Organisation’s (WTO) panel is to examine the India-U.S. export case. WTO’s dispute settlement body has set up a panel to examine the U.S.’ complaint against certain export-subsidy measures by India as both the sides failed to resolve the issue at the consultation level. 
Earlier 2018, the U.S. dragged India to WTO over export subsidies, saying that these incentives were harming the American firms. The U.S. has requested for the establishment of a dispute panel to examine the allegations on India’s export incentive measures. The U.S. also challenged India’s export subsidy programmes such as Merchandise Exports from India Scheme in the WTO, asserting that these initiatives harm its companies by creating an uneven playing field.
During the previous consultations, India provided a detailed understanding of the schemes implemented under its Foreign Trade Policy by answering all the questions raised by the U.S.
World Trade Organization (WTO):
♦ Formation:
 1 January 1995
♦ Type: International trade organization
♦ Headquarters: Geneva, Switzerland
♦ Director-General: Roberto Azevêdo
♦ Member states: 164
The purpose of WTO is to Regulate international trade
It is the largest international economic organization in the world

The World Trade Organisation’s (WTO) panel is to examine the India-U.S. export case. WTO’s dispute settlement body has set up a panel to examine the U.S.’ complaint against certain export-subsidy measures by India as both the sides failed to resolve the issue at the consultation level. 
Earlier 2018, the U.S. dragged India to WTO over export subsidies, saying that these incentives were harming the American firms. The U.S. has requested for the establishment of a dispute panel to examine the allegations on India’s export incentive measures. The U.S. also challenged India’s export subsidy programmes such as Merchandise Exports from India Scheme in the WTO, asserting that these initiatives harm its companies by creating an uneven playing field.
During the previous consultations, India provided a detailed understanding of the schemes implemented under its Foreign Trade Policy by answering all the questions raised by the U.S.
World Trade Organization (WTO):
♦ Formation:
 1 January 1995
♦ Type: International trade organization
♦ Headquarters: Geneva, Switzerland
♦ Director-General: Roberto Azevêdo
♦ Member states: 164
The purpose of WTO is to Regulate international trade
It is the largest international economic organization in the world




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