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EU may reimpose tariffs on Indian fibre ropes

EU may reimpose tariffs on Indian fibre ropes
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First Published: Thu, Oct 08 2009. 12 28 AM IST
Updated: Thu, Oct 08 2009. 12 28 AM IST
Brussels: The European Union (EU) may renew tariffs as high as 82% on synthetic fibre ropes from India to help Portuguese producers ward off lower-cost rivals, a step that would prolong 11-year-old trade protection.
The EU said it would consider reimposing the levies for five more years on Garware-Wall Ropes Ltd and other Indian makers of the ropes, which are used by ships for mooring and by the fishing industry.
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First Published: Thu, Oct 08 2009. 12 28 AM IST
More Topics: EU | Rope | Fibre | India | Economy and Politics |