WTO

US steel industry criticises WTO ruling favouring India

Washington - The American steel industry today criticised a WTO ruling against the US imposing high duty on imports of certain Indian steel products, an order India hailed as a "significant victory" that will help its domestic manufacturers and exporters.

"The WTO decision today significantly weakens the effectiveness of US trade laws," said Thomas J Gibson, CEO and president of American Iron and Steel Institute (AISI).

AISI said the WTO Appellate Body ruled against the US government appeal of a challenge by India earlier this year regarding the International Trade Commission (ITC)'s practice of "cross-cumulating."




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