(D. Ravi Kanth – Livemint.com)
Even as Prime Minister Narendra Modi and US President Barack Obama signed an agreement on Sunday to promote clean energy and expand solar energy initiatives, a move widely seen as giving US companies access to the lucrative Indian market, the two countries are preparing to slug it out in the World Trade Organization (WTO) over India’s solar policy.
Next week, a dispute settlement panel of the WTO will commence hearings on a trade dispute between Washington and New Delhi over the Indian government’s imposition of local content requirements for solar cells and solar modules under the Jawaharlal Nehru National Solar Mission (JNNSM).
The panel, which will be chaired by former New Zealand trade envoy David Walker, will begin its proceedings on 3 February when the US will make its first submission as to how India violated WTO commitments by implementing JNNSM. Click here to read more.