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RoDTEP: U.S., EU slap countervailing duties on four Indian goods
Context
The U.S. and the European Union have now imposed countervailing duties (CVDs) on four Indian products, as a retaliation against the Remission of Duties and Taxes on Export Products (RoDTEP) scheme introduced for outbound shipments in January 2021.
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What is RoDTEP?
Key Features of the scheme
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About
- Countervailing Investigations and Determinations:
- Countervailing investigations conducted by the U.S. and the European Commission (EC) have led to final determinations of Countervailing Duties (CVD) on various products.
- Products affected include paper file folders, common alloy aluminum sheet, forged steel fluid end blocks (by the U.S.), and certain graphite electrode systems (by the EC).
- Defensive Measures and Subsidy Allegations:
- The Indian government and impacted exporters vigorously defended subsidy allegations related to government programs at both Central and State levels.
- Strong written and oral responses were presented during the investigation processes.
- Potential WTO Dispute Resolution:
- Responding to queries about escalating the matter to the World Trade Organisation (WTO), Minister Anupriya Patel stated that any party can resort to the WTO Dispute Settlement mechanism if inconsistencies with WTO agreements arise.
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