Special Economic Zones (SEZs) and the WTO: The Case of India
Article from: TDM 5 (2020), in Special Economic Zones (SEZs)
In 2018, the United States (US) took India to the World Trade Organization's (WTO) Dispute Settlement Body over a number of subsidies given by India, including those given under the special economic zone (SEZ) policy. On October 31, 2019, India lost the case in the WTO and the Dispute Panel agreed that the subsidies given by India to the SEZs are prohibited subsidies under the provisions of the WTO's Agreement on Subsidies & Countervailing Measures (SCM). As a consequence, the Department of Commerce, Ministry of Commerce and Industry, has engaged in extensive consultation with multiple ...