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India moves to WTO for US not complying verdict on steel duty-The 18th China(Guangzhou)Int’l Metal &Metal
lurgy Exhibition
6/13/2017 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo |
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Financial Express reported that India has moved World Trade Organization against the US as it has not yet complied with the rulings of the multi-lateral body related to imposition of high import duty on certain Indian steel products. In December 2014, the World Trade Organization had ruled against the US imposing high duty on imports of certain Indian steel products. The WTO’s appellate body had ruled that the high duty imposed by the US on the certain Indian steel imports was ‘inconsistent’ with various provisions of the Agreement on Subsidies and Countervailing Measures.
The WTO said in a statement that “India has requested WTO dispute consultations with the US to address US compliance with an earlier WTO ruling concerning US countervailing duties on imports of carbon steel products from India.”
A government official said that “India has sought consultation with the US for compliance of the WTO’s rulings. If the issue would not be resolved, then India will approach the WTO’s compliance panel.”
The US will have to amend its domestic norms to comply with the WTO’s verdict on countervailing duties on imports of hot-rolled carbon steel products from India. Earlier, the US had dragged India to the arbitration panel of the WTO alleging that India had failed to remove trade restrictions on American poultry.
金属展-冶金展-2017广州巨浪国际金属暨冶金工业展览会-亚洲最大金属冶金展-巨浪展览-The 18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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