Japan said it may ask the World Trade Organization (WTO) to help resolve a dispute related to India’s “safeguard” tariffs on the import of hot-rolled steel.
India has extended its safeguard import taxes on some steel products until March 2018, in a bid to stop cheap overseas purchases from flooding its market and bolster the domestic steel sector.
Japan will make repeated requests to the Indian competent authority to ensure the consistency of their measures with the WTO agreements, the Japanese Ministry of Economy, Trade and Industry said in a report.
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