U.S. ASKS WTO TO SETTLE DISPUTE WITH INDIA

The U.S. has asked the WTO to set up a panel to settle the tariff dispute with India. The country’s tariff rates on alcohol beverages imports range anywhere from 225% to 550% and is something the EU has fought since last year. U.S. Trade Representative, Susan Schwab, stated that "the layers of customs duties India applies to U.S. products, in particular to wine and distilled spirits, are not in line with its WTO commitments."India’s high tariffs have made it “nearly