The department of commerce has started intense consultations with relevant government departments and ministries to finalise products from the European Union (EU) that will attract higher import duty — as part of India's retaliatory measures against the trade bloc's steel tariff.
"We are in the process of finalising (the products). We are having discussions with concerned ministerial departments to select the products on which we will put in the tariffs," a top government official told Business Standard.
Last week, India informed the World Trade Organization (WTO) that it has decided to put in retaliatory measures against the trade bloc's steel tariff. The tariff has been in effect since 2018 and has been extended till June 2025.
Bu hikaye Business Standard dergisinin September 26, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin September 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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