The Economic Times

India gets 6.94 lakh tonnes of steel quota annually for exports under India-EU free trade pact

India will receive substantial tariff-rate quotas for steel exports to the European Union. These quotas total 1.64 million tonnes annually, with a portion under a free trade agreement. The European Union's new regulation aims to protect its domestic steel industry from overcapacity. India's exports outside these quotas will face applicable base-rate duties. The agreement includes provisions for periodic reviews of these allocated quotas.