US takes India to WTO over solar cell imports
Source: BBC
The US has filed a complaint with the World Trade Organization (WTO) against India's national solar policy saying it "discriminates" against US products.
The US has alleged that India requires solar energy producers to use Indian-manufactured solar cells and modules.
It added that India offered subsidies to developers for using domestic products rather than imported ones.
The US alleged that such "forced localization" had restricted India's market to US exports.
Read more: http://www.bbc.co.uk/news/business-21363498
cbrer
(1,831 posts)American businessmen who set up these sweet deals to export technology and jobs are bitching because the locals are being protective...
How's it feel to get fucked by a businessman you putrid fucks?!
Kolesar
(31,182 posts)to be "protective".
cbrer
(1,831 posts)where businessmen have paid off the politicians. It's not about justice. It's not about equality. It's not about parity, economic global markets, or any sort of general "welfare". And certainly not about protecting the middle class. It's about money.
In spite of the fact that you're right!
pampango
(24,692 posts)in the last 4 years resulting in tariffs and other penalties against China.
...what will be the pillars of the Obama administrations economic policy toward China?
Romney lost, and it was Romney supporters who were most supportive of the next president confronting China. Nearly two-thirds of Republicans backed getting tougher with Beijing, up 11 percentage points in just a year. Democrats, on the other hand, prioritized building stronger economic relations with China (53%) over getting tougher with China (39%). Democrats backing for confrontation was up 6 points since 2011, but it remained the minority sentiment among those in Obamas party.
Likely components of the administration's economic policy towards China
The first will likely be more complaints about Chinese subsidies and trade practices filed with the WTO, given the presidents campaign promises and his record during his first term. Washington has been relatively successful with such cases in the past, and pursuing multilateral dispute settlements has the added advantage of avoiding a direct bilateral confrontation with China.
http://www.pewglobal.org/2012/12/10/u-s-china-economic-relations-in-the-wake-of-the-u-s-election/
Of course, the US has also lost some of these cases, as well, resulting in penalties against us so we are not exactly exceptional either.
Kolesar
(31,182 posts)davidpdx
(22,000 posts)trade isn't always free and fair, but the more barriers we put up the more reasons we give other nations to do the same.
grahamhgreen
(15,741 posts)pampango
(24,692 posts)international politics (UN), international trade (GATT which became WTO), international finance (IMF, World Bank), etc. He did not want to see a return to the pre-WWII of hyper-nationalism in which sovereignty concerns trumped international cooperation.
His idea was that global peace and prosperity were promoted if national governments were members of international organizations which would deal with global problems together. FDR thought that the "invisible hand" of international relations - in which each national government acting totally independently in its own interests without regard to the interests of other countries, will somehow produce the desired result - was a flawed concept. Hence his promotion of multilateral institutions to deal with global problems which would replace the previous focus on national sovereignty.
If you are suggesting that the WTO (and UN, IMF, World Bank?) be elected by global voters, you may have something there. If FDR's preference for global cooperation over hyper-competion is still a viable concept, we should move on to how these multilateral institutions are selected and structured.
One thing I know for sure, the idea of global elections would get the One World Government CT folks on the right riled up big time. Wackos would be hunkering down in their bunkers with their weapons getting ready for the arrival of the black helicopters.