💨 Abstract

Japan has requested India to exempt it from any temporary tax intended to restrict rising steel imports, citing the need for high-grade, specialty alloys. Japan argues that these products are not locally manufactured in India and do not meet domestic consumer requirements. Japan's steel exports to India have surged, accounting for nearly a quarter of India's overall finished steel imports during the April-December period.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖