Page 556 - SSB Interview: The Complete Guide, Second Edition

G20 countries.

Bulwark against protectionism: There has been a recent development
of protectionism in Europe and mainly the USA. These tendencies can

put a brake on globalisation and India, which has benefitted a lot from

globalisation, may lose a lot.

Fair mechanism for dispute settlement: The US-Brazil dispute over
cotton trade made developing countries believe that they could win

against developed nations with the help of the WTO. The WTO provides

such help free of cost.

TFA for services: India has its maximum revenue from the services
sector and if the WTO passes the TFA agreement, then India is going to

be a major beneficiary.

Indo–WTO problems

Domestic Content Requirement in Solar Panel

India lost this case to the US in a dispute resolution body. India has
prescribed ‘domestic content requirement’ for procurement of solar

cells/panels for its target of installing 100 GW of solar power by 2022. Under
this, some (about 5%) procurement was reserved to be bought from Indian
vendors, to promote the indigenous industry. The US alleged that this is

against the principles of Non-Discrimination and National Treatment.

Visa problem

Indian people are the largest group who apply for H1B and L1 visas. About
60% of the revenue earned by the Indian IT industry is from North America.

India has filed a complaint against the USA with the WTO. Both countries
have been advised to solve the issue mutually by bilateral discussions.

Conclusion

The WTO is one of the few platforms where developing nations come