ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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WTO and Tariff Preferences

To the extent that the trade diversion caused due to the EC's discriminatory tariffs under the drug arrangements is set right, the tariff preferences case is clearly a victory for India. But it is a tall claim that the WTO appellate body ruling is also a timely reminder that trade policy instruments cannot be used to serve political objectives.

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