-The Times of India
The US on Thursday dragged India and China to the World Trade Organization over subsidy programmes implemented by the world’s two fastest growing economies, with a top Obama administration official terming the situation as intolerable. "The situation was intolerable," US trade representative Ron Kirk said.
Noting that every member of the WTO is required to come clean on their subsidy programmes on a regular basis, Kirk said China has not notified its subsidy programmes in over five years.
"India recently filed its first notification in almost 10 years and even then, notified only three of the many subsidy programmes we know to exist," he said. Kirk announced the US has given information to the WTO identifying nearly 200 subsidy schemes; China has failed to notify as per WTO rules.