India does not subsidise exports, complies with WTO norms: Suresh Prabhu Back to News & Events List


Dispelling the misconception that India subsidises its exports, Commerce Minister Suresh Prabhu today asserted that the country fully complies with the guidelines of the WTO, which itself is under threat. 
 
Batting for the global trade body, Prabhu said all countries will face problems if there is no WTO. 
 
He said the government was merely trying to mitigate the adversities of exporters, which did not tantamount to subsidising of exports from India. 
 
It is a misconception that we subsidise our exports. We are fully WTO compliant and not at all violating those, Prabhu said at an event here. 
 
The minister, at a separate event, said that the very existence the World Trade Organization (WTO) is now under threat, but India strongly supports its need for regulating trade norms. 
     
Source: Economictimes.indiatimes


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