Foreign Affairs | EU threatens tax on Indian steel fasteners

Foreign Affairs | EU threatens tax on Indian steel fasteners
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First Published: Fri, Aug 14 2009. 12 08 AM IST
Updated: Fri, Aug 14 2009. 12 08 AM IST
Brussels: The European Union (EU) threatened to impose tariffs on screws and bolts from India and Malaysia, saying EU producers may be victims of subsidies and price undercutting. The EU opened probes into whether Indian and Malaysian manufacturers of stainless steel fasteners receive trade- distorting government aid and sell the goods in the 27-nation bloc below cost, a practice known as dumping.
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First Published: Fri, Aug 14 2009. 12 08 AM IST