July 11, 2020, 19:21


Japan Wins WTO Ruling Against India’s Tariffs on Iron, Steel Imports

Japan Wins WTO Ruling Against India’s Tariffs on Iron, Steel Imports

Japan has won the World Trade Organization’s ruling targeting India’s safeguard tariffs imposed on products made with steel and iron, Reuters reported.

The World Trade Organization (WTO) has mostly approved Japan’s complaint over a safeguard levy that targeted Indian steel imports for two-and-a-half years, according to a ruling released Tuesday.

READ MORE: US Sanctions Imposed to Stifle Competition Will Hurt Own Economy — Russian PM

According to the decision, India had been requested to take certain corrective measures to what it felt was the breaching of WTO laws by the state. 

However, it also emphasized that the disputed levies terminated in March this year, and therefore, the corrective measures were required to impose potential levies on steel imports retroactively.

Earlier, India, as well as other states, has also initiated numerous disputes against the US tariff policies within the WTO.

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