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Monday, December 23, 2024 | 01:34 PM ISTEN Hindi

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Letter to BS: Govt should take steps to remove export bottlenecks

That our country's merchandise exports have barely improved in the last five years is a case in point

exports, imports, trade, RCEP
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Business Standard New Delhi
This refers to “WTO backs US in trade dispute, says India’s export subsidies illegal” (November 1). The ruling by the World Trade Organisation (WTO) in a critical trade dispute that India must stop all its export promotion schemes — as, under the WTO rules, these are reserved only for the poorest countries or those with a per capita income of less than $1,000 -- is along expected lines and doesn't spring a surprise. 

While our country could prevent the implementation of the WTO ruling by appealing against it in WTO's appellate body, we should not be oblivious to the fact

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