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Business Economy


India taken up imposition of high custom duty on steel, aluminium products issue with WTO

India taken up imposition of high custom duty on steel, aluminium products issue with WTO

New Delhi, Jan 2 (UNI) The United States has imposed global tariff on certain steel and aluminium products and India has taken up the issue at the World Trade Organisation as it considers these additional duties to be non-compliant with WTO provisions.

'The United States has imposed global tariff of 25 per cent and 10 per cent in March, 2018 on certain steel and aluminium products, respectively, under Section 232 of US Trade Expansion Act of 1962. India took up this issue at World Trade Organisation(WTO) as it considers these additional duties to be non-compliant with WTO provisions,' official sources said.

India has retaliated against the US by imposing additional customs duties on 29 items originating from the US under the provisions of WTO Safeguard Agreement.

India has also challenged these measures as inconsistent at the WTO level and asked the US to bring these measures to be consistent with WTO provisions.

A dispute settlement panel has been established by Dispute Settlement Body (DSB) on December 4, 2018 to adjudicate in the dispute, the sources added.

UNI RSA JW0817

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Canara Bank launches Facebook and Instagram

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Hyderabad, May 22 (UNI) Heritage Foods Limited, one of the leading private dairy players in India, has declared its financial results for the fourth quarter ended March 31, 2019.

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Fifth Smart Cities India Expo inaugurated

22 May 2019 | 6:40 PM

New Delhi, May 22 (UNI) The fifth Smart Cities India 2019 expo, including Transport India, Solar India, Buildings India and Water India expos, was inaugurated by Housing and Urban Affairs Secretary Durga Shanker Mishra on Wednesday.

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Bharti AXA Life Insurance wins FICCI Claims Excellence Award

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Mumbai, May 22 (UNI) Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and AXA, one of the world’s largest insurance companies, has been conferred with the ‘Claims Excellence Award’ by the Federation of Indian Chambers of Commerce and Industry (FICCI).

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