US wins WTO case against India

The squabble between US & India over the latter’s export promotion subsidies has been won by the US. WTO’s dispute settlement panel has ruled that these schemes violated several provisions of the WTO’s subsidies and countervailing measures agreement. The three-member dispute settlement panel comprising Jose Antonio S. Buencamino, Leora Blumberg, and Serge Pannatier stated that India must withdraw all the schemes within a time period of 90-120 days, after it is adopted by the WTO’s dispute settlement panel within a month (as required under the dispute settlement understanding). It also said “in cases where there is an infringement of the obligations assumed under a covered agreement, the action is considered prima facie to constitute a case of nullification or impairment of benefits.”