India takes EU to WTO over safeguard duty on Steel products
MUMBAI (Scrap Register): India seek for discussions with the European Union (EU) under the aegis of WTO against a move of the 28-nation bloc to impose safeguard duties on certain steel products.
Against the US move to impose high customs duties on certain steel and aluminium products, the EU in July last year proposed imposition of definitive safeguard duties to protect their industry against a surge of imports.
According to an expert, seeking discussions with the safeguard committee is a way to inform the other country that they are not fulfilling their commitments under the global trade rules.
India is concerned about the European Union's move as it exports nearly 6 per cent of its steel output to Italy. Italy is a member of the EU.