India is set to have a tough time defending its export promotion schemes at the World Trade Organisation (WTO), with 11 major economies now supporting the US' charge that the schemes violate fair trade law.
Back in March, the Trump administration in the US had challenged India's export promotion schemes, arguing that it has been misusing export subsidies. India promised to contest the charges. But now, Brazil, Canada, China, Egypt, the European Union, Japan, Kazakhstan, Korea, the Russian Federation, Sri Lanka, Taiwan and Thailand have supported the US claim, according to WTO documents posted on its website.
The US had