India takes EU to WTO’s safeguard committee over responsibility on metal merchandise
Towards the US transfer to impose excessive customs duties on sure metal and aluminium merchandise, the EU in July final yr proposed imposition of definitive safeguard duties to guard their trade towards a surge of imports.
“India has substantial curiosity as exporter of the merchandise involved. Therefore, India requests consultations with the WTO” beneath the Settlement on Safeguards with a view to overview info and alternate views on the measures, the WTO stated.
In accordance with an skilled, in search of consultations with the safeguard committee is a strategy to inform the opposite nation that they aren’t fulfilling their commitments beneath the worldwide commerce guidelines.
WTO is a Geneva-based, 164-member world physique which frames guidelines and norms for exports and imports.