India says row over subsidies not the beginning of war
17 March, 2018, 12:00 am
NEW DELHI – India does not consider the stand-off with the US at the World Trade Organisation over export subsidies to be the beginning of a trade war, Indian trade secretary Rita Teaotia told reporters on Thursday.
The US on Wednesday launched a challenge to Indian export subsidies at the World Trade Organization, saying they hurt US companies by letting Indian exporters sell goods more cheaply.
India provides exemptions from certain duties, taxes and fees that benefit numerous Indian exporters, including producers of steel products, chemicals, pharmaceuticals, textiles and information technology products, US Trade Representative Robert Lighthizer said.