WTO: No More New Deals America, ever? WTO ruling we 'won" shows how trade deals will likely frame it

[Baobab]

Last edited Sun Feb 28, 2016, 03:24 AM - Edit history (2)

Obama Undermines Climate Efforts in Solar Trade Dispute:
http://www.iatp.org/blog/201602/obama-undermines-climate-efforts-in-solar-trade-dispute

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India’s solar initiative, known as the Jawaharlal Nehru National Solar Mission (JNNSM), is designed to boost the nation’s renewable energy use and create local, green jobs. India’s program requires the purchase of domestically manufactured solar cells and modules in order for companies to receive a variety of government benefits, including favorable rates for electricity purchases. The U.S. Trade Representative charged that India’s “local content requirements” violate WTO national treatment obligations (which require foreign firms to be treated the same as domestic firms). The WTO agreed.

In responding to the WTO ruling, U.S. Trade Representative Michael Froman issued a warning to other governments attempting to support local, green businesses: “This is an important outcome, not just as it applies to this case, but for the message it sends to other countries considering discriminatory `localization’ policies.”


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Source Document:- WTO Ruling:

https://www.wto.org/english/news_e/news16_e/456r_e.htm

[cantbeserious]

1. Hope And Change Loses Again

eom

[blackspade]

2. sigh.