The Global Trade Research Initiative (GTRI) has urged a comprehensive review of India’s steel industry to assess current import measures before implementing a proposed safeguard duty.
GTRI’s report criticizes the commerce ministry’s ongoing investigation into increased steel product imports, pointing to technical weaknesses and an inefficient system of Quality Control Orders and No Objection Certificates.
The report advocates for a clearer approach to import processes, emphasizing potential international collaboration for quality control and cautioning against using global safeguards without thorough investigation.