US Protests Against Developing Country Status for India
In July, 2019 US asked the WTO to rethink its classification of developing countries (which can avail of special trade protections). It threatened to pull out from the WTO if the trade body does not treat the US fairly.
US’ concerns
- US targeted India and China in particular for “taking advantage” of the US by classifying themselves as “developing countries” at the WTO.
- Even many rich economies are claiming to be “growing” rather than “grown” economies. India and China, as per the US, are fastest growing major economies in the world and do not deserve a ‘developing country’ tag.
- US pointed out ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Lithuania Exits the Convention on Cluster Munitions
- 2 Cairo Declaration: The Arab League’s Vision for Gaza
- 3 US Tariffs and Global Trade War Escalation
- 4 Kyrgyzstan, Tajikistan Sign Border Demarcation Deal
- 5 US Intensifies Airstrikes against Houthis
- 6 Fourth Conference of Global Intelligence and Security Chiefs
- 7 Second Meeting of the India-EU Trade and Technology Council (TTC)
- 8 Jaipur 3R and Circular Economy Declaration
- 9 India and New Zealand Strengthen Bilateral Cooperation
- 10 India Assumes Chairmanship of Bay of Bengal Inter-Governmental Organisation
