New Delhi sources reported that India should drag US in the World Trade Organization’s (WTO) dispute mechanism against the move to hike import duties on steel and aluminium, as the decision will impact exports and it is not in compliance with the global trade norms. Meanwhile the decision of the US would not only impact India's export of these goods to America but also affect global trade.
Moreover Biswajit Dhar, a professor of economics at Jawaharlal Nehru University, said "Such decisions are protectionist in nature. India needs to approach the WTO against this move as it would severely hit global trade”. Accordingly former Commerce Secretary G K Pillai said the country should take action against America and also raise duties on products like almonds, pistachio and Harley-Davidson motorcycle and the US exports these items to India.
Pillai told "We also have the freedom to
increase tariffs. India should also retaliate as the US decision will impact
exports of steel and aluminium goods. You have to take action to protect the
country's interests”. Further he added that raising duties by India would be
within the bound rates of the WTO.
Tata Motors sells a range of vehicles from hatchback to SUVs in India Sources from Geneva said plans to bring in new products in order to have presence in around 95% of Indian passenger vehicles market by 2020, besides working on offering "electric solution" on most of its portfolio going forward. Presently the company sells a range of vehicles from hatchback to SUVs playing in about 70% of the market in India.
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