WTO - Concerns about investment measures favouring local products in India
THE Committee on Trade-Related Investment Measures (TRIMs) of the WTO last week considered complaints about investment measures that have raised concerns on allegedly favouring domestic over imported products through local-content requirements.
The EU expressed concerns about India's local content requirements in solar power generation projects. It said that it is interested in understanding the rationale behind this measure because it believes Indian companies do not yet have the capacity to provide these types of equipment. India's representative said she had sent the EU questions to the capital, and maintained that the measure in question is consistent with the GATT and the TRIMs Agreement.
The EU reiterated concerns expressed at previous meetings about certain preferences of India to domestically manufactured electronic goods and telecommunications products. Japan, the US and Canada shared the EU's concerns. India noted that it had previously answered questions about this measure.
India also complained that answers by the US to its questions about US local content requirements in some of the renewable energy programmes are still inadequate.
Legal Corner Icon — the image was hosted by the publisher and was not captured.Any idea what the picture shows? They are elephant tusks recently seized by Thai Customs. Ivory has little inherent value but is a prized possession.