UK TRA Recommends Extending Anti-Subsidy Measures on Indian PET Imports
The UK's Trade Remedies Authority suggests maintaining countervailing measures on polyethylene terephthalate imports from India for five more years. Despite low import levels, subsidies persist, potentially harming UK industry. The decision follows a review finding the measure crucial for economic interests and vulnerable domestic production.
- Country:
- United Kingdom
The UK Trade Remedies Authority (TRA) has recommended a continuation of countervailing measures on Indian imports of polyethylene terephthalate (PET) to protect domestic industries. The measures, intended to counteract foreign subsidies, are proposed to be extended for another five years.
TRA's review discovered that although PET imports from India were minimal in 2023, existing subsidy programs remain a threat. The body highlighted vulnerabilities in the UK industry, including reduced sales and production capacity, necessitating the ongoing measures until 2029.
Stakeholders have until June 13 to comment. Post-Brexit, the UK's independent TRA assesses trade remedy measures once managed by the EU, ensuring they align with national needs. PET, a common packaging material, has recurrent subsidy concerns from Indian imports, posing potential industry risks.
(With inputs from agencies.)
- READ MORE ON:
- TRA
- UK
- India
- PET
- anti-subsidy
- countervailing
- imports
- trade
- remedies
- industry
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