India wins WTO challenge of U.S. state benefits to domestic renewable energy industry

India on Thursday prevailed in its challenge of tax and financial incentives provided by U.S. states to the renewable energy industry that are contingent on domestic content, according to a World Trade Organization Dispute Settlement Body panel report. The panel found that the incentives favor domestic products over imported products, a violation of Article III.4 of the General Agreement on Tariffs and Trade, which codifies the WTO’s national treatment principle for taxes. The panel recommended that the DSB ask the...