In­dia takes EU to WTO’s panel

The Hindu Business Line - - NEWS - PTI

In­dia has sought con­sul­ta­tions 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. The coun­try has sought these con­sul­ta­tions un­der WTO’s Agree­ment on Safe­guards. 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. 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.

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