Japan files complaint in WTO against India regarding steps taken on imports of iron and steel
PTI Japan has dragged India to the World Trade Organisation (WTO) against certain measures taken by New Delhi on imports of iron and steel products. “On December 20, Japan notified the WTO Secretariat that it had requested dispute consultations with India in the dispute ‘India-Certain Measures on Imports of Iron and Steel Products’,” the WTO has said. India has imposed minimum import price (MIP) on imports of certain iron and steel products. In February, India imposed MIP of 173 products for six months, which was later extended twice for two months. Earlier this month, the government extended MIP on 19 products till February 4, 2017. According to the commerce ministry sources, WTO-compliant measures like anti-dumping duty should be used to overcome the issue of cheap imports ...
Indias iron ore imports to reach a record high in FY2014-15
Sai Nikesh D | The Dollar Business India’s iron ore imports have fluctuated in the recent years ever since the government clampdown on illegal mining in major producing states of Karnataka, Goa and Odisha. However, rising demand and low global prices are expected to result in a surge in iron ore imports in FY2014-15. According to the Ministry of Commerce, India's iron ore imports in the first seven months of FY2014-15 stood at around 4.27 million tonnes, compared to a mere 367,000 tonnes in the full FY2013-14. According to conservative estimates, total iron ore imports by India are expected to grow to over 10 million tonnes in the FY2014-15. However, other estimates, such as the one by Industry ...
