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U.S. challenges Indian export subsidies at WTO - official

Reuters  |  WASHINGTON 

(Reuters) - The launched a challenge to Indian subsidies at the World Organization on Wednesday, saying they hurt U.S. companies by letting Indian exporters sell goods more cheaply, U.S. said.

provides exemptions from certain duties, taxes and fees that benefit numerous Indian exporters, including producers of steel products, chemicals, pharmaceuticals, textiles and products, Lighthizer's office said.

"These subsidy programs harm American workers by creating an uneven playing field on which they must compete," said in a statement.

"USTR will ... hold our trading partners accountable by vigorously enforcing U.S. rights under our agreements and by promoting fair and reciprocal through all available tools, including the WTO," said.

The office of the USTR said subsidies provide an unfair competitive advantage to the companies that receive them and are prohibited under WTO rules.

A limited exception to the rule is provided for developing countries until they reach a specific economic benchmark, the USTR office said. It said was initially within the group of developing countries but surpassed the economic benchmark in 2015.

(Reporting by David Alexander; Editing by Tom Brown)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 23:43 IST