WTO Appellate Body rules in Indias favour over CVD on steel imports by USA
Bidhu Bhushan Palo | The Dollar Business Hot Rolled Carbon Steel Flat Products are usually used in the manufacture of durable products such as automobiles, heavy machinery, pipes, and construction products. The Appellate Body of the World Trade Organisation, the highest authority in dispute settlement among members, has ruled largely in favour of India regarding countervailing duties (CVD) imposed by USA on imports of Carbon Steel Flat Products from India. According to India’s Ministry of Commerce, the United States Department of Commerce (US DOC) had imposed Countervailing Duty (CVD) on India’s exports of Hot Rolled Carbon Steel Flat Products, which affected adversely India’s steel exports. One of the claims made by USA was over procurement of subsidised coal and iron ...
RTAs cant replace multilateral trading system: WTO chief
The Dollar Business Bureau | @TheDollarBiz Multilateral trading system has strong support across the world, says WTO chief Roberto Azevêdo Roberto Azevêdo, Director-General of the World Trade Organisation (WTO), said that while Regional Trade Agreements (RTAs) are growing and important for global trade, they cannot replace multilateral trading system. According to the WTO, RTAs have grown significantly in the past two decades; the WTO has been notified of 253 RTAs which suggests an average of 24 RTAs per year. However, growing popularity does not mean that everything is fine with RTAs. Around one-fifth of RTAs are now large trade agreements involving more than two countries and WTO says that around 20% of the disputes now involve a RTA partner. Apart ...
