Motilal Oswal
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Motilal Oswal
Business

How to (and not to) protect domestic industry

Updated : April 27, 2018 12:11 PM IST

Trade agreements allow for policy spaces to protect and incentivise domestic manufacturers and service providers.
The principle of “national treatment” in trade agreements requires countries to provide like, or identical treatment for domestic and imported goods and services.
At the same time, nurturing the domestic industry is a sovereign function and right.
How to (and not to) protect domestic industry
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