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WTO to rule in Indonesia-EU steel stand-off
The WTO's Dispute Settlement Body decided to examine the countervailing and anti-dumping measures Brussels has imposed on imports of stainless-steel cold-rolled flat products from Indonesia, a Geneva-based trade official said.
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Quality control: A worker of a steel factory in Cikarang industrial estate in Bekasi, West Java inspects the quality of product on Oct. 4, 2019. (Antara/Fakhri Hermansyah)
T
he World Trade Organization agreed Tuesday to establish a panel to help settle a row between Indonesia and the EU over tariffs which the bloc has slapped on stainless steel products.
The WTO's Dispute Settlement Body decided to examine the countervailing and anti-dumping measures Brussels has imposed on imports of stainless-steel cold-rolled flat products from Indonesia, a Geneva-based trade official said.
Indonesia claims the measures are inconsistent with a long line of international trade rules and filed a complaint in January.
The two sides failed to reach an agreement during consultations set up to resolve the spat and Indonesia last month made an initial request for the Dispute Settlement Body to create an expert panel to rule on the matter.
The European Union blocked the first request, but under WTO rules, a second panel request is, in practice, automatically accepted.
The WTO's panels of independent trade and legal experts usually take several months to announce their decisions.
They can authorise retaliatory trade measures if they rule in the plaintiff's favour.
