Today's Paper

WTO ruling against India

WASHINGTON, DEC. 22. The U.S. Trade Representative, Mr. Robert B. Zoellick, has announced that a dispute settlement panel of the World Trade Organisation has found that restrictions on U.S. companies manufacturing cars in India violate the WTO agreement. The panel report confirms that WTO members cannot impose local content requirements or trade balancing requirements on companies doing business in their countries, a USTR statement said here on Thursday. _ PTI