An Indian solar manufacturer is said to have suffered by cheap imports of solar panels from some countries. Which of the following measures can India adopt under WTO’s GATT (General Agreement on Tariffs and Trade) to save the Indian manufacturer?
1. India can impose countervailing duties on cheap solar panels.
2. A safeguard duty can be imposed on the solar panels from those countries.
Select the correct answer using the code given below:
1 only
2 only
Both 1 and 2
Neither 1 nor 2
According to the GATT agreement on Subsidies and Countervailing measures, a country X can impose countervailing duties on products coming from country Y, if the manufacturing of that product is subsidized in Country Y.
Agreement on Safeguards of GATT allows for safeguard measures on increased imports of particular products from some countries, where such imports have caused suffering serious injury to the importer’s domestic industry.
The term 'West Texas Intermediate', sometimes found in news, refers to a grade of
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