India, US mutually resolve trade disputes at WTO

The agreement to end two trade disputes at the World Trade Organisation will help to boost bilateral trade ties between the US and India.

Vikal Samdariya

In a significant development in the bilateral US-India trade relationship, both countries mutually resolved two major trade disputes that were contested before the World Trade Organization (WTO). According to an official release by the WTO, both sides mutually agreed to withdraw the disputes after they reached a consensus.

In 2018, India filed a case (DS547) before the WTO on certain measures imposed by the US to allegedly adjust imports of steel and aluminium. A year later, in 2019, the US filed a case against India’s imposition of additional duties on certain American products (DS585).

On the trade disputes between the two sides, the WTO circulated two-panel reports which highlighted the details of the case. "By Article 12.7 of the Dispute Settlement Understanding, the panel reports provide a brief description of the disputes and note that solutions have been reached," WTO said in a statement.

The resolution between the two countries comes after, India's Prime Minister Narendra Modi during his state visit to the United States in June had agreed to resolve contentious trade disputes within WTO’s framework, as part of his bilateral meeting with President Joe Biden. Both sides had agreed to terminate six trade disputes.

The United States and India has been working together to strengthen their relationship and expand it by tapping into areas in diverse sectors.

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