Indian government has proposed 15% retaliatory duties on 22 items imported from UK against curbs on steel products. In a communication to the World Trade Organisation, India said that the proposed suspension of concessions would be in the form of an increase in duty on the selected products, including whiskey, cheese and diesel engine parts, originating in the UK.India said that it is estimated that the safeguard measures taken by the UK on steel products have resulted in the decline of exports to the tune of 219,000 tonnes on which the duty collection would be USD 247.7 million. Accordingly, India’s proposed suspension of concessions would result in an equivalent amount of duty collected from products originating in the UK. India notified WTO‘s Council for Trade in Goods of its decision to suspend concessions or other obligations under the General Agreement on Tariffs and Trade 1994 and the Agreement on Safeguards that are substantially equivalent to the amount of trade affected by the measures of the UKThe products include processed cheese, scotch, blended whiskey, gin, animal feed, liquified propane, some essential oils, beauty preparations, cosmetic and toilet preparations, unsorted diamonds, silver, platinum, semi-diesel engine parts, unwrought gold, turbo jets, and certain electric conductors etc.The measures imposed by the UK consist of tariff-rate quotas imposed on 15 steel product categories with an out-of-quota duty of 25%.
Indian government has proposed 15% retaliatory duties on 22 items imported from UK against curbs on steel products. In a communication to the World Trade Organisation, India said that the proposed suspension of concessions would be in the form of an increase in duty on the selected products, including whiskey, cheese and diesel engine parts, originating in the UK.India said that it is estimated that the safeguard measures taken by the UK on steel products have resulted in the decline of exports to the tune of 219,000 tonnes on which the duty collection would be USD 247.7 million. Accordingly, India’s proposed suspension of concessions would result in an equivalent amount of duty collected from products originating in the UK. India notified WTO‘s Council for Trade in Goods of its decision to suspend concessions or other obligations under the General Agreement on Tariffs and Trade 1994 and the Agreement on Safeguards that are substantially equivalent to the amount of trade affected by the measures of the UKThe products include processed cheese, scotch, blended whiskey, gin, animal feed, liquified propane, some essential oils, beauty preparations, cosmetic and toilet preparations, unsorted diamonds, silver, platinum, semi-diesel engine parts, unwrought gold, turbo jets, and certain electric conductors etc.The measures imposed by the UK consist of tariff-rate quotas imposed on 15 steel product categories with an out-of-quota duty of 25%.
