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The Print
3 days ago
- Business
- The Print
India seeks WTO consultations with US over safeguard measures on auto components
On March 26, 2025, the US adopted a measure in the form of a tariff increase of 25 per cent ad valorem on imports of passenger vehicles and light trucks, and on certain automobile parts originating in or from India, a communication sent by India to WTO said. This move comes shortly after India reserved the right to impose retaliatory duties on select US products in response to American tariffs on steel and aluminium. New Delhi, Jun 3 (PTI) India on Tuesday sought consultations with the US under the World Trade Organisation's (WTO) safeguard agreement over American tariffs on auto components. The measure on automobile parts applies from May 3, 2025 and for an unlimited duration. 'India considers that the measure, in its design and effect, constitutes a safeguard measure within the meaning of…. GATT (General Agreement on Trade and Tariff) 1994 and the Agreement on Safeguards, as it is intended to protect the US domestic industry from increased imports,' it said. It added that the United States failed to notify the WTO Committee on safeguards under a provision of the Agreement on Safeguards (AoS) on taking a decision to apply the safeguard measure. 'Accordingly, as an affected Member with significant export interest to the United States in the products concerned, India requests consultations with the United States,' it said. In the consultations, India would like to exchange views on the measure. 'India looks forward to receiving a prompt reply to this request from the United States and to setting a mutually convenient date and venue for the… consultations,' it said. India reserves all its rights under the agreement establishing the WTO. The US imported USD 89 billion worth of auto parts globally last year, with Mexico accounting for USD 36 billion, China for USD 10.1 billion, and India for just USD 2.2 billion. PTI RR DR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
3 days ago
- Business
- Time of India
India seeks WTO consultations with US over safeguard measures on auto components
India has initiated discussions with the United States under the World Trade Organisation. This concerns American tariffs imposed on auto components. The move follows India's reservation to impose retaliatory duties on select US products. This is in response to US tariffs on steel and aluminium. India considers the US tariff increase a safeguard measure. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India on Tuesday sought consultations with the US under the World Trade Organisation's (WTO) safeguard agreement over American tariffs on auto move comes shortly after India reserved the right to impose retaliatory duties on select US products in response to American tariffs on steel and March 26, 2025, the US adopted a measure in the form of a tariff increase of 25 per cent ad valorem on imports of passenger vehicles and light trucks, and on certain automobile parts originating in or from India, a communication sent by India to WTO measure on automobile parts applies from May 3, 2025 and for an unlimited duration."India considers that the measure, in its design and effect, constitutes a safeguard measure within the meaning of.... GATT (General Agreement on Trade and Tariff) 1994 and the Agreement on Safeguards, as it is intended to protect the US domestic industry from increased imports," it added that the United States failed to notify the WTO Committee on safeguards under a provision of the Agreement on Safeguards (AoS) on taking a decision to apply the safeguard measure."Accordingly, as an affected Member with significant export interest to the United States in the products concerned, India requests consultations with the United States," it the consultations, India would like to exchange views on the measure."India looks forward to receiving a prompt reply to this request from the United States and to setting a mutually convenient date and venue for the... consultations," it reserves all its rights under the agreement establishing the US imported USD 89 billion worth of auto parts globally last year, with Mexico accounting for USD 36 billion, China for USD 10.1 billion, and India for just USD 2.2 billion.
Mint
3 days ago
- Business
- Mint
India seeks WTO consultations with US over safeguard measures on auto components
New Delhi, Jun 3 (PTI) India on Tuesday sought consultations with the US under the World Trade Organisation's (WTO) safeguard agreement over American tariffs on auto components. This move comes shortly after India reserved the right to impose retaliatory duties on select US products in response to American tariffs on steel and aluminium. On March 26, 2025, the US adopted a measure in the form of a tariff increase of 25 per cent ad valorem on imports of passenger vehicles and light trucks, and on certain automobile parts originating in or from India, a communication sent by India to WTO said. The measure on automobile parts applies from May 3, 2025 and for an unlimited duration. "India considers that the measure, in its design and effect, constitutes a safeguard measure within the meaning of.... GATT (General Agreement on Trade and Tariff) 1994 and the Agreement on Safeguards, as it is intended to protect the US domestic industry from increased imports," it said. It added that the United States failed to notify the WTO Committee on safeguards under a provision of the Agreement on Safeguards (AoS) on taking a decision to apply the safeguard measure. "Accordingly, as an affected Member with significant export interest to the United States in the products concerned, India requests consultations with the United States," it said. In the consultations, India would like to exchange views on the measure. "India looks forward to receiving a prompt reply to this request from the United States and to setting a mutually convenient date and venue for the... consultations," it said. India reserves all its rights under the agreement establishing the WTO. The US imported USD 89 billion worth of auto parts globally last year, with Mexico accounting for USD 36 billion, China for USD 10.1 billion, and India for just USD 2.2 billion.
Hans India
14-05-2025
- Business
- Hans India
India updates WTO on tariff plan
New Delhi: India has informed the World Trade Organisation (WTO) that it proposes to impose retaliatory tariffs on select American goods, to counter the duties on Indian steel and aluminium exports levied by the US as safeguard duties. According to a WTO communication, these US safeguard measures would impact $7.6 billion worth of imports of Indian products, with an estimated duty collection of $1.91 billion. In April, India requested consultations with the US under the WTO's safeguard agreement when the decision to levy the tariffs was announced. The US stance at the WTO was that the tariffs on Indian goods were imposed on national security grounds and should not be regarded as safeguard measures. India, in its notification to the WTO, announced its intent to suspend concessions and other obligations in response to the US safeguard measures on steel, aluminium, and related products, as outlined in a Presidential Proclamation dated February 10, 2025, with the measures set to take effect on March 12. The WTO communication, dated May 9, 2025, was circulated at India's request. It noted that although the US has not formally notified these measures to the WTO, they are effectively considered safeguard measures. 'India maintains that the measures taken by the US are not consistent with the General Agreement on Trade and Tariff (GATT) 1994 and Agreement on safeguards (AoS),' it said, adding that as consultations provided for under a provision of the AoS have not taken place, India reserves the right to suspend concessions or other obligations that are substantially equivalent to the adverse effects of the measure to India's trade,' India's notification said. Without prejudice to the effective exercise of its right to suspend substantially equivalent obligations, India reserves its right to suspend concessions after the expiration of 30 days from the date of this notification, it further said.
Hans India
13-05-2025
- Business
- Hans India
India informs WTO of tariff plan to counter US duties on steel
Undia has informed the World Trade Organisation (WTO) that it proposes to impose retaliatory tariffs on select American goods, to counter the duties on Indian steel and aluminium exports levied by the US as safeguard duties. According to a WTO communication, these US safeguard measures would impact $7.6 billion worth of imports of Indian products, with an estimated duty collection of $1.91 billion. In April, India requested consultations with the US under the WTO's safeguard agreement when the decision to levy the tariffs was announced. The US stance at the WTO was that the tariffs on Indian goods were imposed on national security grounds and should not be regarded as safeguard measures. India, in its notification to the WTO, announced its intent to suspend concessions and other obligations in response to the US safeguard measures on steel, aluminium, and related products, as outlined in a Presidential Proclamation dated February 10, 2025, with the measures set to take effect on March 12. The WTO communication, dated May 9, 2025, was circulated at India's request. It noted that although the US has not formally notified these measures to the WTO, they are effectively considered safeguard measures. "India maintains that the measures taken by the US are not consistent with the General Agreement on Trade and Tariff (GATT) 1994 and Agreement on safeguards (AoS)," it said, adding that as consultations provided for under a provision of the AoS have not taken place, India reserves the right to suspend concessions or other obligations that are substantially equivalent to the adverse effects of the measure to India's trade," India's notification said. Without prejudice to the effective exercise of its right to suspend substantially equivalent obligations, India reserves its right to suspend concessions after the expiration of 30 days from the date of this notification, it further said. While the proposed duties are still at the WTO notification stage, India is also close to finalising a new bilateral trade agreement with the Trump administration.
