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India Planning To Move To WTO Against US Action

Raising a question on the duty hike on steel and aluminum products by the US, India is set to approach the dispute settlement body of WTO all alone, raising a question on the duty hike on steel and aluminum products by the US, is set to approach the dispute settlement body of WTO all alone, because US is threatening to drag India to WTO for almost 6 export promotion schemes accusing that India is subsidizing exports, violating the global trade rules and impacting American businesses and workers.
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India raising a question on the duty hike on steel and aluminum products by the US, is set to approach the dispute settlement body of WTO all alone, especially after the American authorities made an exception for the European Union Australia, Canada, and Mexico.

As per the report by an official, previously the government thought of taking a support from European Union and did not wish to be identified. The European Union had threatened to take an action against US and approach WTO, is not facing the hike now. Thus the change in the situation made the government change its strategy. The action by US had already been questioned by countries like Brazil, South Korea, Japan and European Union when the trade ministers and envoys from over 50 countries met on Tuesday, but they questioned in an anonymous way, except Norway who directly took the name of US.

The government of India said only about seeking legal opinion regarding the issue with experts and former trade officials. They have advised the authorities to take a strong position even though India does not have a strong position in exporting these two industrial commodities. It is important because US is threatening to drag India to WTO for almost 6 export promotion schemes accusing that India is subsidizing exports, violating the global trade rules and impacting American businesses and workers.

A sense of tension was felt in the words of US Trade Representative Rober Lightizer in Washington that India might be in a position where it would want to repay. He told the lawmakers that India has a substantial trade surplus with US and their system is not particularly open. Their system can be attacked in many ways, but US shall try to work with them and deal with this problem as it is a serious one.

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Reviewed by:
Rashmita Das
Published on 24th Mar, 2018
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