India set to drag US to WTO over dumping levy

Ulhas Joglekar ulhasj at SPAMbom4.vsnl.net.in
Thu Nov 30 17:57:35 MST 2000



Wednesday
29 November 2000

India set to drag US to WTO over dumping levy
NEW DELHI: The government is taking the United States to the World Trade
Organisation (WTO) for imposing high anti-dumping duties on Indian steel
exports.
"We have initiated the process...any dispute with the country at the WTO
level preludes with consultation process and that has already been started,"
commerce secretary Prabir Sengupta said here.
The move comes close on the heels of steel minister B K Tripathy taking up
the issue.
Earlier, the steel ministry had also sent a communication in this regard to
the commerce ministry, who had maintained that the case was justified for
taking to the WTO.
US had recently imposed a duty of about 84 per cent on Indian steel plates
which included 73 per cent as anti-dumping duty and about 11 per cent as
countervailing duty (CVD), according to sources.
Steel Authority of India Ltd (SAIL), the largest Indian steel producer was
affected most due to this decision taken by the US.
SAIL, last year, had exported about eight lakh tonnes of steel to various
countries and had targeted a substantial jump during the current financial
year, sources said.
At a recent meeting with the steel minister, the steel manufacturers had
said that anti-dumping actions by the US administration had stood in the way
of export of steel and adversely affected the steel production in India.
The chief executives of steel majors including SAIL, Tata Steel, Essar Steel
and Ispat Industries had demanded that the issue should be raised by the
Prime Minister during his forthcoming visit to the US.
As India's export of steel to the US, especially hot rolled (HR) coil is
substantial, any fresh dumping action on these coils would put the steel
industry into recession in face of stagnant domestic market, the
manufacturers had pointed out. (PTI)
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