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India-US Trade Dispute at WTO

Santhosh Kumar 26/06/2023
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India-US Trade Dispute at WTO upsc notes Context: India and US resolution Source: TH Dispute resolution: Six trade disputes at WTO Disputes initiated by India Countervailing measures: Carbon steel flat products Measures: Renewable energy sector Measures: Steel and aluminium products Disputes initiated by USA Measures: Solar cells and modules Export-related measures Additional duties: Some products from the US Pending dispute: Poultry case Significance Positive impact: Dispute resolution Effect: Trade promotion, export enhancement US: Largest trading partner of India (2022-23) Effect: Promotion of 2+2 dialogue Disputes cover areas: Steel, aluminium, solar energy, export measures WTO Dispute Resolution Process Dispute settlement ways Bilateral consultations: Mutually agreed solution Adjudication: Includes panel and Appellate Body reports Three stages involved Consultations: Between parties Dispute settlement panel: If consultations fail Adjudication: By panels Ruling challenges: Appellate Body of WTO Current issue: USA blocking appointments to it Final stage: Implementation of ruling Alternative to Appellate body: MPIA

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Categories: Trade & Commerce, United States of America (USA)
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