TL;DR
The WTO has formed a panel to investigate China's complaint against India's automotive and renewable energy policies, which Beijing alleges are discriminatory.
The World Trade Organization (WTO) has officially set up a dispute settlement panel to examine China's grievances against India's policies concerning the automotive and renewable energy sectors. Beijing claims that India's Production Linked Incentive (PLI) schemes in these sectors are discriminatory towards Chinese goods, thereby violating international trade regulations.
This development follows the failure of bilateral consultations between the two nations to resolve the dispute, leading to China's second request for a panel. The establishment of this panel marks a significant step in the ongoing trade disagreements between China and India, with potential implications for India's domestic manufacturing incentives and trade relations.
