100-day agenda:Com min proposes major export promotion scheme to boost shipments

A new export promotion scheme has become necessary as the existing merchandise exports for India (MEIS) scheme is being opposed by the US in the World Trade Organisation (WTO), stating it is not in compliance with global trade norms, the official said.

100-day agenda:Com min proposes major export promotion scheme
Any government support which is subject to export performance becomes a prohibited subsidy under WTO norms. Photo: Reuters

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