India appeals against WTO panel’s ruling on export promotion measures

by mehekkaoberoi
  • India appealed against a World Trade Organization (WTO) dispute settlement panel’s ruling that had recommended withdrawal of its key export subsidy schemes, including the one for special economic zones in the next 90-180 days.
  • India filed an appeal before the organisation’s Appellate Body on Tuesday.
  • On October 31, the WTO had ruled that export subsidy programmes-Merchandise Exports from India Scheme (MEIS), Export Oriented Units Scheme and sector specific schemes, including Electronics Hardware Technology Parks Scheme and Bio-Technology Parks Scheme; Export Promotion Capital Goods Scheme; and Duty-Free Imports for Exporters Scheme- violated provisions of the trade body’s norms.
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