India will counter an allegation in the European Commission (EC) that its steel exports to Europe are subsidised, a senior commerce ministry official has said.
The Directorate General of Foreign Trade in the commerce ministry has begun the spadework for collecting documents to prove that the complaint before the EC was ill-founded. “We are collecting information to counter the allegation,” the official said.
EC has started an investigation into allegations that some steel imports from India are subsidised, resulting into damage to its domestic producers.
The allegations, if proved correct, could result in the European Union slapping anti-subsidy duties on these imports.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app