WTO ruling on QRs will hit India hard

  • 24/12/1998

  • Business Line (New Delhi)

CII : The Confederation of Indian Industry (CII) has expressed concern over the ruling delivered by an appellate body of the Geneva-based World Trade Organisation (WTO), which upheld the final report of the Dispute Settlement Panel (DSP). The panel had rejected India's stand justifying quantitative restrictions (QR) on imports of 2,700 items on balance of payment grounds in its trade dispute with the US.