COUNTERVAILING DUTIES ON SUBSIDIZED AGRO-IMPORTS
Date : 22 Dec 2003
Location : New Delhi
India has so far not applied countervailing duty on agro-imports from any Member of the World Trade Organisation (WTO), including the US and the EU, for the purpose of offsetting subsidy on such imported products. Government will take action to apply countervailing duty on subsidised imported products in accordance with the provisions of the Agreement on Agriculture and the Agreement on Subsidies and Countervailing Measures of the WTO either based on receipt of a duly substantiated petition from the domestic industry seeking initiation of an investigation leading to such action or based on sufficient evidence of existence of a subsidy, injury and causal link to justify initiation of an investigation.
This information was given by Shri S. B. Mookherjee, in a written reply today in the Rajya Sabha.