India takes EU to WTO's safeguard committee over duty on steel products

| | New Delhi
  • 0

India takes EU to WTO's safeguard committee over duty on steel products

Friday, 11 January 2019 | PTI | New Delhi

India takes EU to WTO's safeguard committee over duty on steel products

India has sought consultations with the European Union (EU) under the aegis of WTO against a move of the 28-nation bloc to impose safeguard duties on certain steel products.

The country has sought these consultations under WTO's Agreement on Safeguards.

Against the US move to impose high customs duties on certain steel and aluminium products, the EU in July last year proposed imposition of definitive safeguard duties to protect their industry against a surge of imports.

"India has substantial interest as exporter of the products concerned. Hence, India requests consultations with the WTO" under the Agreement on Safeguards with a view to review information and exchange views on the measures, the WTO said.

According to an expert, seeking consultations with the safeguard committee is a way to inform the other country that they are not fulfilling their commitments under the global trade rules.

WTO is a Geneva-based, 164-member global body which frames rules and norms for exports and imports.

India is concerned about the European Union's move as it exports nearly 6 per cent of its steel output to Italy. Italy is a member of the EU.

State Editions

AAP declares candidates for April 26 Mayoral polls

19 April 2024 | Staff Reporter | Delhi

BJP banks on Modi, uses social media to win voters

19 April 2024 | Saumya Shukla | Delhi

Sunita all set to participate in INDIA Bloc rally in Ranchi

19 April 2024 | Staff Reporter | Delhi

Woman boards bus in undergarments; travellers shocked

19 April 2024 | Staff Reporter | Delhi

Bullet Rani welcomed by BJP Yuva Morcha after 65 days trip

19 April 2024 | Staff Reporter | Delhi

Two held for killing man in broad daylight

19 April 2024 | Staff Reporter | Delhi

Sunday Edition

Astroturf | Reinvent yourself during Navaratra

14 April 2024 | Bharat Bhushan Padmadeo | Agenda

A DAY AWAITED FOR FIVE CENTURIES

14 April 2024 | Biswajeet Banerjee | Agenda

Navratri | A Festival of Tradition, Innovation, and Wellness

14 April 2024 | Divya Bhatia | Agenda

Spiritual food

14 April 2024 | Pioneer | Agenda

Healthier shift in Navratri cuisine

14 April 2024 | Pioneer | Agenda

SHUBHO NOBO BORSHO

14 April 2024 | Shobori Ganguli | Agenda