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Modi's visit marks end of six WTO disputes for US and India.
Jul 11, 2023

During the recent visit of Indian Prime Minister Narendra Modi to the United States of America, major announcements related to resolution on key trade issues were made by the US and it was agreed upon to terminate six WTO disputes related to retaliatory tariffs.
 
During the visit of Indian PM, United States Trade Representative Katherine Tai announced that the United States and the Republic of India have agreed to terminate six outstanding disputes at the World Trade Organization and India also agreed to remove retaliatory tariffs, which it had imposed in response to the U.S. Section 232 national security measures on steel and aluminium, on certain U.S. products, including chickpeas, lentils, almonds, walnuts, apples, boric acid, and diagnostic reagents.
 
'These tariff cuts will restore and expand market opportunities for U.S. agricultural producers and manufacturers.  The resolution also maintains the integrity of the U.S. Section 232 measures,' reads the statement issued by the Office of the US Trade Representative.
 
The statement added that the agreement represents the culmination of intensified bilateral engagement over the last two years, including through the U.S.-India Trade Policy Forum, to deepen economic and trade ties and 'As a result of our work, U.S. agricultural producers and manufacturers will now enjoy renewed access to a critical global market.'
 
The six World Trade Organization disputes that will be terminated include three disputes initiated by India and three disputes initiated by the United States.
 
United States – Countervailing Measures on Certain Hot-Rolled Carbon Steel Flat Products from India (DS436);
 
India – Certain Measures Relating to Solar Cells and Solar Modules (DS456);
 
United States – Certain Measures Relating to the Renewable Energy Sector (DS510);
 
India – Export Related Measures (DS541);
 
United States – Certain Measures on Steel and Aluminium Products (DS547); and
 
India – Additional Duties on Certain Products from the United States (DS585).
 
Meanwhile, Tai has also written to the Indian Commerce and Industries Minister Piyush Goyal, asking for withdrawal of retaliatory tariffs, as agreed.
 
The letter says that India shall rescind the additional duties on U.S. origin products on the tariff lines imposed in response to U.S. measures of March 8, 2018, under Section 232 of the Trade Expansion Act of 1962, as amended (Section 232) and revert to the current applied most-favoured-nation (MFN) rate for these tariff lines.
 
India shall rescind these duties within 90 days of the receipt of this letter. India shall notify the United States upon rescinding the additional duties and shall provide a copy of the relevant legal instruments.
    
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