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Monday, July 5, 1999

Tariff commitments

 
The phaseout of the quantitative restrictions (QRs) on the automobile sector in India by 2003 will bring the sector within the ambit of a set of multilaterally agreed tariffs. The country is yet to notify to the WTO the maximum rate of duty that India would like to impose on passenger cars, two- and three-wheelers.

Korea has offered to reduce tariffs in most segments, except for complete passenger cars. Korea has proposed most significant tariff cuts in the case of two- and three-wheelers (a fall of 54 percentage points from the base points). Thailand has offered tariff cuts on a wide range of products. However, their proposed post-Uruguay-Round rates are significantly higher than the comparable offers made by India.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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