India, US agree to resolve amicably dispute over steel import duty
PTI, Jan 25, 2020, 5:01 PM IST
New Delhi: India and the US have agreed to resolve amicably a dispute over American import duties on certain Indian steel products, wherein Washington is yet to fully comply with the WTO rulings, an official said.
The WTO dispute resolution body has ruled against the US in this case stating that the high duty imposed by America on certain hot-rolled carbon steel flat products from India was inconsistent with various provisions of the WTO’s Agreement on Subsidies and Countervailing Measures.
The US agreed to resolve the matter amicably as the appellate body of the WTO’s dispute settlement mechanism has become dysfunctional since last month.
America has failed to fully comply with a six-year-old ruling of the WTO’s dispute panel over import duties on certain Indian steel products which has endorsed India’s belief that not only the practices followed by the US, the law itself violates WTO agreements, the official said.
The compliance panel has found that the US has not complied with the rulings and recommendations of the dispute panel.
India has dragged the US in WTO in 2012, alleging that Washington’s move to impose high duties on imports of certain Indian steel products are against global trade rules.
In December 2014, the WTO dispute panel had ruled against the US imposing high countervailing duties on imports of certain Indian steel products.
Later the WTO’s appellate body too ruled that the high duties imposed by the US were inconsistent with various provisions of the Agreement on Subsidies and Countervailing Measures.
Then in June 2017, India again moved the WTO alleging that America has not fully complied with those rulings.
India had stated that a reasonable period of time for the US to comply with the WTO’s ruling had expired on April 18, 2016.
According to a communication of the WTO, both the countries “continue to engage in good faith discussions to seek a positive solution to this dispute”.
It said that on December 18, 2019, the US notified the Dispute Settlement Body of its decision to appeal the report by the compliance panel.
The US did not file a notice of appeal or an appellant submission because at this time no division of the appellate body can be established to hear this appeal.
It may be noted that it is the US which has not been agreeing to the appointment of WTO’s appellate body members.
At present, only one member is there in the body whereas there should be seven and the quorum required is at least three to hear appeals.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision
SC orders liquidation of grounded air carrier Jet Airways’ assets
Home-cooked meals become dearer in October on costlier vegetables
Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls
Das says incoming data on GDP growth mixed but positives outweigh negatives
MUST WATCH
Latest Additions
Felling of trees: What is being done to restore Delhi Ridge? SC asks DDA
Kinnigoli: Truck carrying red stone collides with Auto-Rickshaw; driver injured
UP govt to install 150,000 toilets for Maha Kumbh, set up paying guest facilities
Kavoor Police arrest two notorious cattle thieves
Udupi: Unidentified body found near Bailkere’s Vidhyodaya School
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.