Skip to content
Search

Latest Stories

Submit Guest Post

US not complying fully on India steel dispute ruling: WTO

A WORLD Trade Organization panel ruled Friday (15) that Washington had failed to fully comply with a five-year-old ruling in a dispute over import duties on Indian steel products.

India first filed its complaint at the WTO in 2012, after Washington imposed duties of nearly 300 per cent on imports of products including carbon-quality steel pipes, after complaining that Indian steel manufacturers were benefitting from unfair subsidies.


The global trade body then ruled in 2014 that the duties constituted a breach of global trade rules, and ordered Washington to bring its practices into line.

But India complained that Washington was failing to comply with that ruling and asked the WTO to weigh in again.

In the ruling on Friday, the WTO's Dispute Settlement Body rejected several charges by India but found that the US had "failed to comply with the recommendations and rulings of the DSB in the original dispute."

"We recommend that the United States bring its measures into conformity with its obligations," the ruling said.

The WTO polices global trade accords in an effort to offer its member economies a level playing field.

Its panels can authorise retaliatory trade measures by the wronged party if its rival fails to fall into line.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

McLaren

McLaren is expanding its British manufacturing footprint with a £500m investment in cars, engines and advanced materials

X handle/ carwow

Could McLaren’s £500m investment change how Britain builds supercars?

  • McLaren plans to invest £500m in its UK operations and create up to 1,000 jobs by 2032.
  • The company will build its future engines in-house for the first time in its history.
  • Its South Yorkshire composites centre will be expanded alongside greater vehicle assembly in the UK.

Britain's supercar industry is getting an unusually large vote of confidence from McLaren.

The luxury carmaker plans to invest £500 million in its UK operations, expand its research and development work in South Yorkshire and open a new manufacturing facility, with the potential to create 1,000 jobs across its Woking and South Yorkshire sites by 2032.

Keep ReadingShow less