Posted by roger chen - kaysuns industry limited
According to reports, the Indian steel industry hopes to impose a 25% security tariff on all imported steel, as the number of countries that have signed free trade agreements with India has increased significantly.
Seshagiri Rao, managing director and group chief financial officer of India JSW Group, said that India's imports from the FTA partners increased by 77% in the current fiscal year.
He reiterated the long-standing demand of the steel industry to not include steel in the Regional Comprehensive Economic Partnership (RCEP).
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