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India faces scrutiny over tariffs, MSP, QCOs at WTO review

Amiti Sen· ·2 min read · 0 reactions · 0 comments · 2 views
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India faces scrutiny over tariffs, MSP, QCOs at WTO review
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Representatives of 68 members spoke during the two-day review.“Foremost among members’ concerns, both expressed in prior questions and made in statements in the last two days, were predictability and transparency,” Tavita-Levy noted in her statement. Members flagged what they described as abrupt tariff changes, unexpected export restrictions, complex licensing procedures, lengthy investment approval processes and an overall lack of regulatory certainty. quality controlIndia’s expanding use of Quality Control Orders (QCOs) also drew extensive scrutiny. “Questions were directed at the transparency, predictability, WTO consistency and notification of these measures, as well as their potential trade-distorting effects.

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Business Line - Home · Amiti Sen
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India came under sustained scrutiny from several WTO members during its eighth trade policy review (TPR), with countries raising concerns over “abrupt tariff changes”, quality control measures, agricultural restrictions, the MSP regime, industrial subsidies and New Delhi’s stance on key plurilateral initiatives.In concluding remarks issued on Thursday after the two-day review, Chairperson Ambassador Nella Pepe Tavita-Levy said transparency and predictability emerged as the foremost concerns raised by members, even as they acknowledged India’s growing importance in the global economy and supported its ambition of becoming a developed nation by 2047.The review attracted significant participation, with India receiving more than 1,090 written questions from 44 WTO members, over 700 of which…

Excerpt limited to ~120 words for fair-use compliance. The full article is at Business Line - Home.

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