WTO OPENS DISPUTE WITH INDIA

The WTO announced it will establish a dispute settlement panel to decide whether India’s excise tariffs (which can go has high as 550%) on alcohol imports are illegal. The panel is in response to a request from the EU that was also supported by the US. A ruling from the panel is expected to be made within the next 12 months.

"The U.S. continues to share the (EU's) concern that India's additional and extra additional duties appear to be inconsistent with India's WTO obligations," U.S. trade diplomat David Shark said.