India Wins Higher Duty-Free Steel Quota in UK Pact as Safeguard Levy Starts in July
Updated
Updated · Bloomberg · Jul 14
India Wins Higher Duty-Free Steel Quota in UK Pact as Safeguard Levy Starts in July
2 articles · Updated · Bloomberg · Jul 14
Summary
India secured a larger duty-free steel export quota under its trade pact with the UK, Commerce Secretary Rajesh Agrawal said in New Delhi.
Britain's safeguard levy on steel, imposed from July, prompted New Delhi to reopen parts of the agreement and negotiate better access for its shipments.
The revised free trade pact takes effect on Wednesday, locking in the higher quota just as the UK begins applying the new steel protection measure.