India-USA Steel Import Dispute in WTO

2019 ias preliminary exam test series

India has moved World Trade Organisation against the US as it has not yet complied with the rulings of WTO body related to Indian steel products.

USA is not complying with the WTO dispute settlement body’s ruling against countervailing duties imposed on Indian steel imports by the US.

On December 19, 2014, the DSB had found that the US imposed countervailing duties on Indian exports of certain hot-rolled carbon steel flat products in a manner that breached the obligations of the US under the Agreement on Subsidies and Countervailing Measures (SCM Agreement).

The WTO body recommended that the US bring its measures into conformity with its obligations under the SCM Agreement.

The implication of this ruling is that the USA needs to amend its domestic law to be WTO compliant.

Current Affairs for IAS Exam