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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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DP World offers bilateral trade, investment with India

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Alex new air traffic management ED of AAI

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NTPC’s installed capacity touches 55,786 MW

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New Delhi, Jul 16 (UNI) NTPC Ltd on Tuesday announced the commissioning of first unit of 660 MW of Nabinagar Super Thermal Power Project (3x660 MW) of Nabinagar Power Generating Company Limited.

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Rupee down by 17 paise against USD

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