SJM suggests ‘dumping’ WTO and TRIPS.
• Sangh Parivar’s economic wing criticizes U.S. President Trump’s new tariffs as a disregard for the World Trade Organization (WTO).
• TRIPS, the WTO’s comprehensive agreement on intellectual property, is not always favoring developing nations.
• Swadeshi Jagaran Manch, economist and co-convener, argues that India has paid a heavy cost for complying with these international agreements.
• The agreement on TRIPS has increased India’s outgo of royalty from negligible to $17 billion.