India has filed an appeal against the World Trade Organization (WTO) panel report which recently ruled that many of the country’s popular export promotion incentives were not in sync with multilateral trade rules and needed to be withdrawn. The case was initiated by the US.
“India filed an appeal on November 19 concerning the WTO panel report in the case brought by the US in “India — Export Related Measures”. The panel report was circulated to WTO members on October 31, ,” according to an official release.
In its ruling, the WTO panel had backed several claims filed by the US against export promotion measures adopted by India including the Merchandise Export from India Scheme (MEIS) and the Export Promotion Capital Goods (EPCG) scheme.
Esta historia es de la edición November 21, 2019 de The Hindu Business Line.
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