New Delhi, Aug 5 (PTI) The US didn’t settle for India’s request for consultations beneath an settlement of the World Commerce Organisation (WTO) regarding American tariffs on metal, aluminium, and associated by-product merchandise, Parliament was knowledgeable on Tuesday.
The US has maintained that these measures had been launched on the grounds of nationwide safety, Minister of State for Commerce and Business Jitin Prasada stated in a written reply to the Lok Sabha.
India, nevertheless, considers these measures to be safeguard actions that ought to have been notified and subjected to consultations beneath the WTO’s Settlement on Safeguards (AoS).
“India has accordingly reserved its proper to droop considerably equal concessions (proper to impose equal commerce measures in response) because of the US’s non-compliance with its obligations beneath the AoS,” he stated.
In a separate reply, the minister stated India is actively concerned within the discussions with the US on the Bilateral Commerce Settlement (BTA) with the purpose to develop commerce and funding.
India-US bilateral commerce settlement negotiations had been launched in March 2025. 5 rounds of negotiations have been held, the final being from July 14-18th, 2025, at Washington, USA.
“To safeguard the pursuits of farmers and the home business, worldwide commerce negotiations permit for the inclusion of delicate, adverse, or exclusion lists — classes of products on which restricted or no tariff concessions are granted,” he stated.
As well as, in case of surge in imports and damage to the home business, a rustic is allowed to take recourse to commerce remedial measures corresponding to anti-dumping and safeguards on imports.
In one other reply, the minister stated India has not taken any choice to droop or limit commerce or tourism actions with Turkey and Azerbaijan.
Nevertheless, the import from Turkey has declined from USD 3.78 billion in 2023-24 to USD 2.99 billion in 2024-25.
The key objects imported from Turkey throughout 2024-25 embrace Petroleum Crude, Gold, Inorganic Chemical substances, Granite, Pure Stones and Plane & Spacecraft components.
The key objects of import from Azerbaijan throughout 2024-25 embrace Completed Leather-based, Medical and Scientific Devices, Uncooked Hides and Skins, Fruits/Greens Seeds and Hand Instruments, Chopping Instruments of Metals.
