India drags US to WTO for not complying verdict on steel duty

Image
Press Trust of India New Delhi
Last Updated : Jun 09 2017 | 9:07 PM IST
India has moved World Trade Organisation 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 Organisation (WTO) 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.
"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," the WTO said in a statement.
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 official added.
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.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jun 09 2017 | 9:07 PM IST

Next Story