LEVY ON INDIAN STEEL BY US
India has been
excluded from the scope of safeguard measures announced by the
US President against import of various categories of steel except
in the category of carbon flanges. The exclusion has been possible
mainly due to the efforts of the High Level Indian Delegation,
which visited USA in January, 2002. The delegation was able to
convince the US authorities that exports from India did not constitute
more than 3 per cent of the US market share and cumulatively,
the exports from the developing countries did not constitute more
than 9 per cent of the US market share.
The
Indian
delegation appealed for exclusion of Indian
exports
from the scope of safeguard measures as per article 9.1 of the
WTO
Agreement on Safeguards. The extent of our exports of carbon flanges
to the US is not very significant. Therefore, the US decision
to levy duty will have a negligible effect on Indian steel exporters.
This
information was given by the Minister for Steel Shri B.K.Tripathy
in a written reply in the Lok Sabha today.
