India Export Subsidies Illegal, Rules World Trade Organisation Panel, Upholds US Case

The panel largely agreed with U.S. claims challenging export subsidies granted in the form of exemptions from customs duties and a national tax, while rejecting some U.S. arguments.

India Export Subsidies Illegal, Rules World Trade Organisation Panel, Upholds US Case

WTO called on India to withdraw export-contingent subsidies within 90 to 180 days.

GENEVA:

A World Trade Organization (WTO) panel ruled on Thursday that Indian export subsidies are prohibited and should be removed, upholding a complaint brought by the United States.

The panel largely agreed with U.S. claims challenging export subsidies granted in the form of exemptions from customs duties and a national tax, while rejecting some U.S. arguments. It called on India to withdraw the export-contingent subsidies within periods varying from 90 to 180 days.

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The U.S. Trade Representative's Office, in a statement, said that the panel had agreed that India provides prohibited subsidies to Indian exporters worth more than $7 billion annually, including to producers of steel products, pharmaceuticals, chemicals, IT products and textiles.



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