Subscribe to RSS
UnitedStates Germany Russia India Turkey SouthAfrica England Netherlands Philippines Belgium Australia Brazil Spain China Kore

WTO takes up India’s Request for Panel Against US Steel Duty

NEW DELHI: The World Trade Organization’s dispute settlement body will take up on Monday India’s request for a panel to settle a dispute over alleged wrongful penal duties imposed on Indian steel by the US. The duties have made steel exports by leading steel manufactureres including Essar, Jindal and Sail uncompetitive in the US.

india_us_steel


“We expect the US to oppose our request for a panel. But we will stick to our demand and ensure that a panel gets established as soon as possible,” a commerce department official told ET.
India’s steel producers like Essar, Tata, Sail and Jindal have not been able to export hot-rolled steel products to the US for the past few years due to levy of countervailing duty as high as 500% in some cases by the US. New Delhi says that the penal duties imposed on the ground that the Indian government subsidises the steel companies were unjustified.
“We have given a number of reasons clarifying why the US countervailing measures on Indian steel were not consistent with the WTO agreement on subsidies and countervailing measures, but have not received a favourable response” the official said.
The US department of commerce’s assumption that the iron ore sourced by Indian steel makers from NMDC is supplied at subsidised rate is without any basis, the official said. “It is an erroneous assumption as NMDC sells iron ore to domestic steel firms at the prevailing market prices which is determined by its exports to Japan and South Korea.”
India has also objected to use of inappropriate benchmarks for calculation of subsidy and treating the mining rights for iron ore and coal obtained by exporters of steel products as subsidies.
These issues were explained by New Delhi in details during the official level consultations with the US prior to the request for establishment of a panel. “During the consultations, the US did not respond to any issue raised by India apparently because it wanted to defend its measures only at the panel stage. We, therefore, had no alternative other than asking for a panel,” the official said.
The US, too, recently established a panel against India’s restrictions on import of poultry products. The panel of judges that would hear arguments of both parties and give its verdict is yet to be finalised as India was not satisfied with the initial names suggested by the DSB and has called for fresh names.

 

source: Economic Times

 

0 commentsback to post

banner

Add your comment

Nickname:
E-mail:
Website:
Comment:

*

Other articlesgo to homepage

EPK, Timken과 합작회사 설립

EPK, Timken과 합작회사 설립(0)

Timken Company (NYSE: TKR; www.timken.com)는 최근 European Bearing Corporation (EPK)과 합작벤처인 (EPK-Timken Bearing Company)를 설립하고, 러시아와 그 외 독립국가연합(CIS)내 시장을 개척할 계획이다. 이번 합작을 통해, EPK는 세계적 베어링 설계 및 제조업의 선두 주자인 Timken Company사의 기술력을 등에 업고 러시아 및 CIS내에서 입지를 다질 것을 목표로 하고 있다. EPK의 최고경영자인 Alexander Moskalenko는, “이번 합작 계약의 주요목표는

KANSARA, MODLER의 최신 롤러 분쇄 라인을 통해 기술적 진보 달성

KANSARA, MODLER의 최신 롤러 분쇄 라인을 통해 기술적 진보 달성(0)

품질향상의 무한 경쟁 속에서 Kansara Modler가 새로운 도약을 시도하고 있다. 인도-독일의 합작 벤처회사인 Kansara Modler Limited는 즉시조립이 가능한 세계적인 수준의 베어링 초정밀 테이퍼 롤러를 생산하고 있으며, 인도 정부도 EH(Export House)가 유럽과 북미를 포함한 4개 대륙에 자국의 롤러를 수출하고 있는 것을 인정하고 있다. 30년 이상 고품질의 롤러를 생산해온 Kansara 그룹은 테이퍼 롤러생산에 기술적 진보를 거듭하며 업계의

2015년 경기회복시점까지 수출에 주력

2015년 경기회복시점까지 수출에 주력(0)

EPTDA(European Power Transmission Distributors’ Association)는, 영국, 러시아, 터기, 미국, 중국 등의 경기가 호전됨에 따라 2014년 중반기 무렵 유럽국가 들의 수출기회도 확대될 것이라고 전망했다. 2014년 2분기에 약간의 침체 후, 긍정적인 비즈니스 사이클이 2015년 까지는 회복될 것으로 보고, 미주지역 및 아시아 국가들의 경기 회복은 곧 유럽제품의 수요 증가로 이어지게 될 것이라는 전망이다. 현재 약간의 인플레이션 압박을 받고

SKF Ahmedabad: The first bearing factory in India with LEED Gold certification

SKF Ahmedabad: The first bearing factory in India with LEED Gold certification(0)

The newly built bearing factory in Ahmedabad, India was awarded the coveted LEED (Leadership in Energy and Environmental Design) Gold certification by IGBC (India Green Building Council). With this certification, the Ahmedabad factory became the first bearing factory in India to be certified by LEED rating and the third SKF facility across the globe to

Schaeffler unveils concept car for India

Schaeffler unveils concept car for India(0)

Schaeffler, an automotive components manufacturer has unveiled concept car specially designed for Indian driving conditions. Featuring advanced drive train technologies which offers up to 10 per cent reduction in fuel consumption combined with better comfort and driving experience, company said. This concept car is based on subcompact hatchback and shows a range of Schaeffler solutions

더보기

문의사항

Social networks

자주찾는 카테고리

Legal Notice

© 2012 BEARING NEWS All rights reserved.