Local_Content_Requirements

Local_Content_Requirements - U.S Wins WTO Case on Indian...

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U.S. Wins WTO Case on Indian Auto Restrictions Richard Mills United States Trade Representative Robert B. Zoellick today announced that a dispute settlement panel of the World Trade Organization has found that restrictions on U.S. companies manufacturing cars in India violate the WTO Agreement. "The panel report confirms that WTO Members cannot impose local content requirements or trade balancing requirements on companies doing business in their countries. Not only do such requirements make it much harder for U.S. companies to operate abroad, they also take away export opportunities from our companies at home," Ambassador Zoellick said. "It is a priority of this Administration that Americans be treated fairly in the global trading system. I am pleased that we have won this case and that the panel has rejected India's restrictions on their automotive sector." India maintained regulations that require auto manufacturers in India to sign memoranda of understanding (MOU's) that impose local content and trade balancing obligations on
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Local_Content_Requirements - U.S Wins WTO Case on Indian...

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