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Japan threatens India with WTO on steel (Relevant for GS Prelims and GS Mains Paper II)

Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year. Japan’s is second-biggest steel producer.

Background
India imposed duties of up to 20 percent on some hot-rolled flat steel products in September 2015, and set a floor price in February 2016 for steel product imports to deter countries such as China, Japan and South Korea from undercutting local mills.



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