India Initiates WTO Arbitration against Australia
In June 2024, India invoked the World Trade Organization (WTO) arbitration procedures against Australia to address concerns affecting its trade in services.
Highlights
- Australia's Notification to WTO: Australia notified WTO on November 17, 2023, about its intention to modify specific commitments under the GATS (General Agreement on Trade in Services), which governs trade in services globally.
- India's Communication to WTO: India has formally communicated its request for arbitration to the WTO secretariat, citing unresolved issues with Australia's proposed modifications.
- Failed Negotiations: Negotiations between India and Australia, extended until April 19, 2024, failed to reach an agreement, prompting India to pursue arbitration.
- Global Trade ....
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