Compromise US & India; WTO

A deal over the subdies that India applies to its farmer were taken into consideration by the WTO and it had mostly to deal with the fact that the subdy hurts the farmers of India and this was something that the US did not want to continue. 

As we discussed in class trade may be effected by policies or laws that the home countries does not see as good or morally wrong. The US may see the fact that farmer are losing profits due to a subsidy and there by may not want to trade until they make changes to their laws or policies. Now normally since the US is a large country that may be a large portion of India's export this would be a bad for India, but fortunately their exist the WTO which helps with the rules of trade so that business would be conducted. After the WTO meetings there was a comprise "the Indian subsidies will remain, subject to future negotiations, and a trade facilitation effort will move forward". 

Unfortuantely this does not help with the issue that the US would like to resolve but a comprise to future negotiations may be the next best thing to change India's policy. Although if the WTO would ask who would have more power over the other and ask if the US has any monopsony power that would give it the power to control other countries thru trade? 

Thankyou All for everything and I hope you all have a nice finals week. Good Luck!