India may propose an out-of-court settlement to the United States (US) in a . case relating to the provision of export subsidies, which the World Trade Organization's (WTO's) dispute panel said violated its rules.
India may take up the matter on the sidelines of the India-US Trade Policy Forum (TPF) in Washington on January 11, a person aware of the matter told Business Standard.
"If the WTO's appellate body is revived (next year), then the existing export boosting schemes Export Oriented Units (EOU) scheme, Export Promotion Capital Goods (EPCG) scheme, Special Economic Zones (SEZ) scheme, and the Duty-Free Imports for Exporters (DFIS) scheme - will also have to be withdrawn," the person cited above said.
This story is from the January 06, 2023 edition of Business Standard.
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This story is from the January 06, 2023 edition of Business Standard.
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