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WTO lauds India's economic performance

World Trade Organisation on Friday congratulated India for its reform process that had led to an annualised six per cent economic growth during the last decade, but expressed concern over high tariffs and increased use of anti-dumping measures by New Delhi.

The commendation came at the conclusion of a review of India's trade policy conducted by WTO at Geneva from June 19-21.

During the review which attracted high level of participation and interest, WTO members complimented India for its strong economic performance, which is a result of continued economic reform, including trade liberalisation, lower government involvement and opening-up of key service sectors, an official release said in New Delhi.

Many delegations stressed that India's efforts would be greatly enhanced if its trading partners took steps to reduce, if not remove, the impediments to India's exports, especially in the context of the new negotiations in line with the Doha Work Programme.

There was, however, concern about India's increased use of anti-dumping measures as also labelling, certification and standard requirements.

Concerns were also expressed over high tariffs, subsidies, the large stock of foodgrains and small sector dereservation.

WTO was of view that additional measures would be needed if the ambitious growth targets were to be met, the release said.

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