India notifies WTO against EU’s safeguard steps on imports

India has moved the World Trade Organisation (WTO) against the safeguard measures introduced by the European Union on imports of ferro alloying elements in the form of import quotas from different countries. The EU imposed safeguard measures on imports of silicon, ferro-manganese, ferro-silicon, ferro-silico-manganese, ferro-silico-magnesium and calcium-silicon from developing countries, including India and China, from November 18. These measures will be in force for the next three years. The products that India gets impacted are ferro-mangnese, ferro silicon and ferro-silico-magnese and this dispute emerges at a time when both sides are involved in intense discussions to close negotiations on a free trade agreement (FTA). India has sought consultations with the European Union pursuant to Article 12.3 of the Agreement on Safeguards with a view to reviewing the information provided under Article 12.2 and exchanging views on the implications of the measures, as per a report.

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