WTO Rejects India's Challenges Against Steel Import Laws: U.S.



And were thus subject to WTO subsidy disciplines and Commerce's inclusion of new subsidy programmes in countervailing duty review proceedings, Froman said.

With respect to the findings by the panel that U.S. measures breach WTO rules in certain respects, the United States is studying those findings and will evaluate all options to ensure that U.S. remedies against unfair subsidies remain strong and effective, he said.

In this dispute, India alleged that several U.S. laws and regulations governing countervailing duty investigations, as well as specific countervailing duty measures imposed on imports of certain hot-rolled carbon steel flat products from India, were inconsistent with provisions of the Agreement on Subsidies and Countervailing Measure (SCM) and the General Agreement on Tariffs and Trade 1994.

The WTO panel rejected most of India's claims against U.S. laws and regulations "as such" under the SCM Agreement, Froman said.

READ MORE:
Budgets That Have Changed the Course of India's Economy
The Most Interesting Pawn Shop Business Ideas

Source: PTI