SUBSIDY ON STEEL PRODUCTION
In several steel
producing countries of the world like USA, UK, Australia, France
and Greece, specific as well as generic subsidies on steel production
are provided. In accordance with the provisions of Article 25
of the Agreement on subsidies and countervailing measures, WTO
member countries are required to notify any specific subsidy granted
or maintained in their territory. Certain countries have notified
subsidies granted or maintained in their territories to the WTO.
However, these notifications are not adequately detailed to provide
information on the total amount of subsidies being provided by
various countries on steel production. There is no obligation
on the WTO member countries to notify the non-specific subsidies.
This information
was given by the Minister for Steel, Shri Braja Kishore Tripathy
in a written reply in the Rajya Sabha today.
