United States Locks Horns With India Over Export Subsidies At WTO

US Trade Representative Robert Lighthizer arrives at the European Commission headquarters

However, India, which was initially within the group of developing country, crossed this benchmark in 2015, he said.

Apex exporters' organisation FIEO on Thursday warned India will have to deal with the export subsidy challenge raised by the United States at the World Trade Organisation (WTO) "very carefully" in order to protect its "huge business interests".

Government data show that thousands of Indian companies receive benefits worth $7 billion (approximately Rs 4.5 lakh crore) annually from these schemes.

This subsidy lasts till the country reaches desired economic benchmark.

Consultations are the first step in dispute trade dispute resolution between WTO member nations, and if it doesn't work, parties can seek a dispute settlement panel. India's exemption has expired but India has not withdrawn its export subsidies.

If the two nations are not able to reach a mutually agreed solution through consultation, the United States may request for a WTO dispute settlement panel to review the matter.

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On Thursday, he threatened retaliatory duties on countries that export more to the U.S. than they import from it at the World Trade Organisation, indirectly naming India.

With global trade protectionism on the rise, it has been a bad start to the year for Indian exporters.

These programs are: Merchandise Exports from India Scheme; Export Oriented Units Scheme and sector specific schemes, including Electronics Hardware Technology Parks Scheme, Special Economic Zones, Export Promotion Capital Goods Scheme and Duty Free Imports for Exporters Programme.

In a statement, the USTR alleged that through these programmes, India is given exemption from certain duties, taxes, and fees which benefits numerous Indian exporters. According to the official of U.S. Trade Representative Robert Lighthizer who said that, they hurt U.S. manufacturers by letting Indian exporters sell goods more cheaply.

Under Obama in 2013, the United States won a WTO decision against India over local content rules that Washington said disadvantaged usa exports of solar panels. In India's case, the country is approaching the cut-off thresholds set by the WTO for various sectors. For example, it noted that India introduced the "Merchandise Exports from India Scheme" in 2015, which has rapidly expanded to include more than 8,000 eligible products, almost double the number of products covered at its inception.

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