Economy

WTO sets up panel to examine US levies on Indian steel, aluminium

Amiti Sen NEW DELHI | Updated on December 04, 2018 Published on December 04, 2018

Representative image

Takes up number of dispute panels established to rule on US tariffs to nine

India’s second request for the establishment of a World Trade Organisation (WTO) panel, to examine its complaint against additional duties imposed by the US on imports of certain steel and aluminium products, has been approved by the Dispute Settlement Body (DSB).

In a meeting on Tuesday, the DSB also approved a similar requested by Switzerland.

“Nine dispute panels have now been established by the DSB to rule on the US tariffs,” according to a Geneva-based official.

The other countries that have complained against the decision include China, the European Union, Canada, Mexico, Norway, Russia and Turkey.

In March 2018, the United States of America (USA) had decided to impose penal duties of 25 per cent on steel and 10 per cent on aluminium from select countries.

India and most other affected countries have argued that the US actions were, in effect and content, safeguard measures and the US was using national security as a wrong justification for the tariffs.

The US, however, insisted that the tariffs were imposed owing to national security concerns and the WTO had no authority to adjudicate on the matter.

While many of the complainants have imposed retaliatory duties on imports from the US, India is yet to take a decision on implementing the announcement of retaliatory tariffs totalling around $134 million on 29 US imports made in June.

“India and the US are in bilateral discussions for amicably settling the matter but no arrangement has been arrived at yet,” an official said.

Published on December 04, 2018

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.