The World Trade Organization (WTO) on Wednesday ruled against India over its national solar energy program in a case brought by the U.S. government, sparking outrage from labor and environmental advocates.
As power demands grow in India, the country’s government put forth a plan to create 100,000 megawatts of energy from solar cells and modules, and included incentives to domestic manufacturers to use locally-developed equipment.
According to Indian news outlets, the WTO ruled that India had discriminated against American manufacturers by providing such incentives, which violates global trade rules, and struck down those policies—siding with the U.S. government in a case that the Sierra Club said demonstrates the environmentally and economically destructive power of pro-corporate deals like the Trans-Pacific Partnership (TPP).…
I'm waiting for when US meat exporters sue India for prohibiting the exportation of beef. Oh, and when dope is legalized in the US, the US dope industry, which will no doubt be Big Pharm, will be suing countries that ban it. The US porn industry will also have a field day suing for damages from market exclusion. Big bucks there.
Raging Bull-Shit
At Washington’s Insistence, WTO Rules Against India’s Push for Clean Energy
Nadia Prupis, Common Dreams
Thanks for posting this.
ReplyDeleteRaging bullshit indeed. But why should they care? Only would have to be afraid if the US can retaliate cutting some necessary exports. Otherwise, what are they going to do? An other embargo? looool at this rate USA and EU will be the ones isolated from trade.
ReplyDeleteIf you listened to Obamas speech about the TPP this is exactly what they want...they want to open up foreign markets to US products... eliminate disadvantageous policies in the foreign markets...
ReplyDeleteFrom the GDP report yesterday:
"The acceleration in real GDP in the second quarter reflected an upturn in exports, an acceleration in PCE, a deceleration in imports, an upturn in state and local government spending, and an acceleration in nonresidential fixed investment that were partly offset by decelerations in private inventory investment, in federal government spending, and in residential fixed investment."
Exports are getting some traction...
They want to do to other countries what UK tried to do on a newborn USA. And that precisely is why they should reject it, otherwise they will end up as an other Venezuela with no national capital to withstand "free trade" barbarians.
ReplyDeleteA competent and responsible leadership in India would refuse to comply (there is no law w/o enforcement, what are they gonna do anyway?) and keep doing their own thing.