12 January 2000
India may raise import tariffs
INDIA may raise tariffs on some imported items to protect its domestic industries.
It had agreed with the USA to phase out import restrictions on 1400 items, including agricultural products, by April 2001.
Now domestic suppliers have called for protective measures to be introduced.
Indian industrialists have already called for tariffs to be raised to levels allowed by Indias commitment to the World Trade Organisation.
They say this would give them more time to adjust to import liberalisation.
Western diplomats are concerned that the greater access to Indian markets they have won may come at the price of prohibitive tariffs.
- WTO rules against India, FWi, 09 April, 1999
- India close to removing controls on farm products, FWi, 01 July, 1997
- Financial Times 12/01/2000 page 13