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15
March 2018
 |
Export (The
Total Investment & Insurance Solutions)
Contrary to the US’
complaint about India’s various export schemes, the government on Thursday said
it doesn’t count these export promotion programmes as export subsidies and the
move doesn’t constitute a trade war.
“It will be an irresponsible statement...because we are interested in selling to each other,” commerce secretary Rita Teaotia said on being asked if the US challenging practically almost the entire of India’s export programmes meant a trade war. The Total Investment & Insurance Solutions
“Wherever we have difference in positions, we will resolve them,” she said.
On Wednesday, Washington filed a complaint at the WTO about India’s
export subsidy programmes claiming them to harm American workers. These
programmes are the 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 a duty free imports for exporters programme. “It will be an irresponsible statement...because we are interested in selling to each other,” commerce secretary Rita Teaotia said on being asked if the US challenging practically almost the entire of India’s export programmes meant a trade war. The Total Investment & Insurance Solutions
“Wherever we have difference in positions, we will resolve them,” she said.
Teaotia said that there would be no knee jerk reactions to the US’ move and India would understand the assumptions made by the US to arrive at the $7 billion export subsidy number as it doesn’t consider all these as export subsidies. The Total Investment & Insurance Solutions
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