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Friday, 29 June 2018

US accused India of disloyal practices

Por Olivia Rosario Rodríguez

The claim of the United States before the international organization is based on a supposed unfair competition on the part of the Government of India. The National Society of Industries asked the Peruvian government to review the negotiation of the Free Trade Agreement with India, while clarifying the scope of the complaint, which was joined by the European Union and Canada.

The main claim of the United States to the WTO is that India is subsidizing its exports, which it considers would be about five programs. Ricardo Márquez, president of the National Society of Industries, a private organization that groups the Peruvian business association of manufacturing industry, said that Peru has no interest, nor should it negotiate free trade agreements with nations whose trade policies are questioned at the multilateral level, and as a consequence of their bad actions, they harm the national industry and the jobs that this activity generates.

For its part, the European Union and Canada support the idea that the practices used by India to promote its manufacturing industry and its exports to the world are unfair and are not allowed by the World Trade Organization. As a suggestion of the trade union owner, Peru should participate as an observer in the process initiated against the Asian nation in the international organization, to have information about the programs applied by that country, and its consequences for global trade.

It is worth noting that, according to the Peru - India Joint Feasibility Study, prepared by the SNI, the South American nation is only considered a good supplier of raw materials for the "Make in India" program, which is currently being questioned in the WTO. Márquez pointed out that, besides that, there is no intention or real capacity to export to India products with added value, due to the enormous subsidy programs granted by the Asian country to the industrial production of all types of manufactures, such as medicines. textiles and footwear, which are highly sensitive for the national industry.

For this reason, the executive, invoked the government negotiating possibilities in countries with real markets for export products made in Peru, many of which have not been the most benefited with the export dynamics of the Asian country.