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https://news.vice.com/article/the-u...against-american-companies-and-the-wto-agrees
So this ruling by the WTO seems to be fueling fear about the impending TPP/TTIP and ISDS.
India has been a huge benefactor of free trade thanks to American capital flowing in for Indian businesses along with US call centers and accounting firms hiring a huge number of Indian citizens.
Recently India tried to pass legislation to to increase the solar power industry and inside of the that legislation was a mandate that 10% of the industry be reserved for domestic companies which was found to be discriminatory against foreign corporations by he WTO.
Now people are claiming that this is an attack on their sovereignty along with an attack on clean energy even though the quota could do nothing but hold back the efficiency in going towards solar power.
S is this an attack on India's sovereignty or is this India wanting to have their cake and eat it too?
At the behest of Uncle Sam, the World Trade Organization (WTO) has spiked parts of a plan to spread solar energy across India — where more than 300 million people lack electricity.
Yesterday, a WTO arbitration panel sided with the United States, which in 2013 complained that India's massive initiative to develop solar power discriminates against American business. The US government and solar industry have greeted the decision as victory for free trade and as warning to other countries pondering protections for domestic industry — but environmental groups argue the decision handicaps India's efforts to grow its own sustainable energy sector.
"This is an important outcome, not just as it applies to this case, but for the message it sends to other countries considering discriminatory 'localization' policies," said U.S. trade representative Michael Froman.
The policies in question come as part of India's National Solar Mission, a government initiative to up the country's solar electricity output and lower power prices. The project is a core component of the India's commitments to the United Nations Paris climate deal and aims to reach 100,000 megawatts of solar capacity by 2022, over 40 percent of its present electrical production. But the present plan requires that 10 percent of this power comes from domestically produced solar panels and cells, a practice the WTO found to be unjustified, uncompetitive, and "inconsistent" with international agreements on trade and tariffs.
So this ruling by the WTO seems to be fueling fear about the impending TPP/TTIP and ISDS.
India has been a huge benefactor of free trade thanks to American capital flowing in for Indian businesses along with US call centers and accounting firms hiring a huge number of Indian citizens.
Recently India tried to pass legislation to to increase the solar power industry and inside of the that legislation was a mandate that 10% of the industry be reserved for domestic companies which was found to be discriminatory against foreign corporations by he WTO.
Now people are claiming that this is an attack on their sovereignty along with an attack on clean energy even though the quota could do nothing but hold back the efficiency in going towards solar power.
S is this an attack on India's sovereignty or is this India wanting to have their cake and eat it too?