India Challenges EU Tariffs on Ferro-Alloys at WTO Amid Trade Deal Talks

• India approaches the World Trade Organization (WTO) for talks with the European Union over proposed tariffs and quotas on ferro-alloy imports.
• The EU's move, citing a threat to its local industry, adds to global trade uncertainties and complicates ongoing India-EU trade agreement negotiations.
• New Delhi seeks discussions under the WTO's Agreement on Safeguards, highlighting its significant trade interest in ferro-alloy products.
• This development comes amidst India's unresolved trade issues with the US and new tariffs imposed by Mexico on Asian products, including from India.
• In 2024, the EU imported $4.25 billion worth of iron and steel products from India, making the proposed tariffs a significant concern.

Why It Matters: India challenges EU ferro-alloy tariffs at WTO, potentially jeopardizing ongoing trade deal talks.