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After US duty hike, India faces EU heat on steel quota
Hindustan Times Navi Mumbai
|June 13, 2025
The European Union (EU) has put India's individual quota on hold and placed it under a "pooled quota" for exporting certain kinds of steel products to the 27-nation bloc, dealing a double whammy to a sector already reeling from America's 50% tariff.
NEW DELHI:
The latest move is meant to correct imbalances in the current quota system by restoring separate duty-free country-specific quotas for major exporters like Ukraine, UK, Türkiye and Korea.
However, countries like India, which fall under an "other countries" category, must share a pooled quota of around 12,500 tonnes with others, including China and Vietnam among others.
The EU's notification was submitted to the Committee on Safeguards at World Trade Organization (WTO) on Wednesday.
This story is from the June 13, 2025 edition of Hindustan Times Navi Mumbai.
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