Lakshmi Kumaran & Sridharan AttorneysAn ISO 9001 / 27001 certified law firm

International Trade Amicus: May 2013

Has the countdown begun for removal of India’s export promotion schemes which indirectly provide subsidy to Indian exports? Article in this May 2013 issue of International Trade Amicus analyses in detail WTO’s Agreement on Subsidies and Countervailing Measures (SCM agreement) and the timelines therein for the developing countries. As usual this newsletter covers trade remedy measures by and against India. In the WTO, India has asked USA to provide details of its various renewable energy programs providing subsidies linked to compliance of domestic content requirements. India has deferred requirement of mandatory self-declaration of safety standards in respect of specified 15 electronic and IT products, while EU has plans to modernize its trade defence tools. This issue of newsletter further covers highlights of the recently released Annual Supplement to the Indian Foreign Trade Policy.

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