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US Revokes Subsidy Preferences For Some Developing Countries Including India

Capital Market 

The US has narrowed its internal list of developing and countries to reduce the threshold for an investigation into whether nations are harming US industries with unfairly subsidised exports, according to a US Trade Representative notice.

With this change, the US revokes WTO subsidy preferences for some developing nations, including leading emerging economies like India and China. Other major economies on the list include Albania, Argentina, Armenia, Brazil, Bulgaria, Colombia, Costa Rica, Georgia; Hong Kong, Indonesia, Kazakhstan, the Kyrgyz Republic, Malaysia, Moldova, Montenegro; North Macedonia, Romania, Singapore, South Africa, South Korea, Thailand, Ukraine, and Vietnam.

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

First Published: Wed, February 12 2020. 15:42 IST