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

Rain pushes air quality to good category

19 August 2019 | Staff Reporter | Delhi

Rename JNU after Modi: Hans Raj Hans

19 August 2019 | Staff Reporter | Delhi

32-yr-old woman set ablaze by in-laws in Nizamuddin

19 August 2019 | Staff Reporter | Delhi

Yamuna river rises, flows near warning mark

19 August 2019 | Staff Reporter | Delhi

Sunday Edition

Game on!

18 August 2019 | Pioneer | Agenda

Krishna, the nation builder

18 August 2019 | Dr. Asha Goswami | Agenda

Happiness in digital world

18 August 2019 | Dr Awdhesh Singh | Agenda

Faith does more than heal

18 August 2019 | Ajit Kumar Bishnoi | Agenda

Astroturf | Let love play the game changer

18 August 2019 | Bharat Bhushan Padmadeo | Agenda

Art for the soul

18 August 2019 | Shalini Saksena | Sunday Pioneer