INDIA DRAGGED TO WTO

Japan has dragged India to the World Trade Organisation (WTO) against certain measures taken by New Delhi on imports of iron and steel products.

What are these measures?

India has imposed minimum import price (MIP) on imports of certain iron and steel products.In February 2016, India imposed MIP of 173 products for six months, which was later extended twice for two months.

WTO-compliant measures like anti-dumping duty should be used to overcome the issue of cheap imports of commodities and not MIP.

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