Related Keywords: as per World Trade Organisation rules, Centre is exploring certain grey areas, crosses USD one thousand threshold, DGFT, foreign trade policy, GNI, India to cross low income threshold this year, members per capita gross national income, no longer eligible to give export subsidies, third consecutive year, Trade Policy Division
With India to cross the low-income threshold this year as per World Trade Organisation (WTO) rules which states that when a member’s per capita gross national income (GNI) crosses the $1,000 threshold for the third consecutive year, it is no longer eligible to give export subsidies.
But what is unclear is whether India will be entitled to an eight-year phase out period that is allowed under certain conditions. If there exists such a possibility, they may very well demand it, a government official said.
