Home Business India may approach the WTO alone against US

India may approach the WTO alone against US

496
0
SHARE
US Secretary of Defence Chuck Hagel looks on as he attends an Observer Research Foundation conference in New Delhi on August 9, 2014. US Defense Secretary Chuck Hagel met India's prime minister in Delhi, seeking to boost weapons sales to a new government eager to modernise its military. India is the world's biggest arms importer and military trade is high on the agenda for the three-day trip, which comes ahead of Prime Minister Narendra Modi's first official visit to Washington next month. AFP PHOTO/RAVEENDRAN

(G.N.S) Dt. 25
New Delhi
US made an exception for the European Union, Australia, Canada and Mexico.
US is also threatening to drag India to WTO for half-a-dozen export promotion schemes.
India is likely to approach the WTO’s dispute settlement body on its own, questioning the duty hike on steel and aluminium products by the US, after American authorities made an exception for the European Union, Australia, Canada and Mexico late on Thursday evening.
Sources told TOI that the government was hoping to piggyback the EU, which had threatened to act against the US action and was expected to approach the WTO. But with the Europeans now outside the ambit of the hike, the government will now have to change it strategy, said an official, who did not wish to be identified.
Brazil, South Korea, Japan and EU questioned the US action (without naming it) when trade ministers and envoys from over 50 countries met in the Capital on Tuesday. Norway was the only country to name the US, while contesting the action.
Officially, the government has maintained that it is seeking legal opinion on the issue. However, experts and former trade officials, who have been consulted, have advised the authorities to take a strong position, although India’s exports of the two industrial commodities do not have a significant share.

Print Friendly, PDF & Email

LEAVE A REPLY

Please enter your comment!
Please enter your name here