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WTO rules in India’s favour in steel dispute with U.S.
09/12/2014
The World Trade Organization (WTO) has ruled against the U.S. imposing high duty on imports of certain Indian steel products, an order hailed by India as a ‘significant victory’ that will help domestic manufacturers and exporters. The Appellate Body of the WTO has ruled that the high duty imposed by the U.S. on the certain Indian steel imports was ‘inconsistent’ with various provisions of the Agreement on Subsidies and Countervailing Measures (ASCM).
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