EXPERIMENT
FULL MEMBER
- Joined
- Feb 4, 2013
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The expansion of domestic renewable energy capacity is a matter of national sovereignty, who cares about what America says?
WTO can be worked around.
Correct !!!!
Wishful thinking is not reality.
What you are talking about is Indirect subsidies. WTO has rules regarding that too. Under WTO rules Indirect Subsidies are not allowed and they are take into account too.
Subsidies are measured even when it involves indirect transfer of funds. via grants, loans, equity infusion, guarantees, tax holidays, service provided, goods supplied, use of special funding mechanism etc.
So any such action will only be temporary since the WTO will rule against it when the US companies take India to court again.
You are giving too much weight to WTO, sovereign nations should not cower to such vested bodies.