According to recent reports, India has objected to America's $280 billion semiconductor program at a key World Trade Organization (WTO) meeting.
India has raised objections to the United States’ $280 billion semiconductor programme at a key meeting of the World Trade Organisation (WTO), as per reports.
New Delhi raised the issue at the recent Trade Policy Review of the USA, about the 'Creating Helpful Incentives to Produce Semiconductors For America' Act or CHIPS Act.
“This puts more competitive manufacturers globally, at a distinct disadvantage. What steps are proposed to be taken to create an even playing field for global manufacturers in these areas, especially from the developing world,” India asked.
China, joining India said, “China notes that the US has continuously criticised the industrial subsidy policies of other members on various occasions over the years. Please clarify whether the consistent position of the US has changed.”
The US in its reply said tha...
Full Access
Included:
-
Access to All Articles.
-
One Plan. No Tiers.
-
No Ads.
-
Cancel anytime.
