UK TRA maintains trade remedy measures on PET from India

Secretary of State for Business and Trade Peter Kyle has accepted TRA’s final recommendation to maintain existing countervailing measures on imports of PET from India for five more years, until 2029, an official release said.

TRA is the United Kingdom’s independent body that investigates whether trade remedy measures are needed to counter unfair trading practices and unforeseen surges in imports.

The recommendation follows the conclusion of the review, which found that subsidised imports are likely to recur if the measure is removed and that injury to UK industry would also likely recur. The TRA also found that maintaining the measure is in the country’s economic interest.

PET is a strong, lightweight plastic commonly used in food and drink packaging, textiles and bottles. Imports of PET from India remain low, but the TRA concluded that subsidy programmes identified in the original European Union measure still exist and continue to pose a risk to UK producers.

The current countervailing duties ranging from 0 per cent to 13.8 per cent will remain on PET with a viscosity number of 78ml/g or more.

The review was initiated in July 2024 and is now over.

ALCHEMPro News Desk (DS)