WTO Panel established at India's request
THE WTO Dispute Settlement Body (DSB) has constituteda panel to consider the United States imposition of countervailing measures on certain hot-rolled carbon steel flat products from India. India considers that the measures are inconsistent with the US obligations under several provisions of the Agreement on Subsidies and Countervailing Measures and the GATT 1994.
At the request of India, the DSB established a panel to consider the United States imposition of countervailing measures on certain hot-rolled carbon steel flat products from India. India considers that the measures are inconsistent with the US obligations under several provisions of the Agreement on Subsidies and countervailing measures and the GATT 1994.
At the meeting, India acknowledged that every WTO member has a right to levy countervailing duties, but this right can be exercised only within the framework of the Agreement on Subsidies and Countervailing Measures and the GATT 1994.
The United States showed disappointment that India decided to request a panel on this matter and stated that the subsidies provided by India at both state and national level to its domestic steel industry “cause material injury to manufacturers attempting to compete with India's steel industry”.
Members reserving their third party rights were European Union, Saudi Arabia, Canada, China, Turkey and Australia.