India Warns U.S. About Dumping Investigation In Solar Trade Spat

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India Warns U.S. About Dumping Investigation In Solar Trade Spat

by Wochit 0:50 mins

2,500 views

India Warns U.S. About Dumping Investigation In Solar Trade Spat

by Wochit 0:50 mins

2,500 views

The United States said it would take India to the World Trade Organization to gain a bigger foothold for U.S. manufacturers in its fast-growing solar products market, adding another irritant to an already strained relationship. The Obama administration said it was filing its second case at the WTO over the domestic content requirements in India's massive solar program, which aims to ease chronic energy shortages in Asia's third-largest economy. U.S. Trade Representative Michael Froman said making Indian solar developers use locally made equipment discriminated against U.S. producers and could hinder the spread of solar power. "Domestic content requirements detract from successful cooperation on clean energy and actually impede India's deployment of solar energy by raising its cost," Froman said.

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