India drags US to WTO against on duties steel imports.

NEW DELHI: India today moved the World Trade Organisation (WTO) against the US for imposing duties on import of certain Indian steel products.

"On 12 April 2012, India requested consultations with the US under the dispute settlement system concerning the latter's countervailing duties on certain steel products from India," the WTO said.

According to WTO website, more details on the trade dispute will be made available in the next few days.

Countervailing duties are imposed to neutralise the subsidies on products given by the exporting nation.

The request for consultations formally initiates a dispute in the WTO.

Recently India had also dragged the US to the WTO challenging the visa fee hike which allegedly discriminates against the Indian software companies sending professionals to the US on short-term contracts.

Earlier in March, Washington had also dragged New Delhi to the global trade body against India's ban on imports of certain American farm products, including poultry meat and eggs. The US had termed the ban as "unjustified" health-safety worries.

Consultations give the parties an opportunity to discuss the matter and to find a satisfactory solution without proceeding further with litigation.

After 60 days, if consultations have failed to resolve the dispute, the complainant may request adjudication by a panel.

Source : timesofindia.indiatimes.com