The UK's Trade Remedies Authority (TRA) has initiated a transition anti-subsidy review of a countervailing measure on imports of polyethylene terephthalate (PET) plastics from India, to assess whether the nearly 13 per cent duties should continue to be applied.
TRA, an independent arm's length body of the government's Department for Business and Trade, will consider whether the importation of the subsidised goods subject to review would be likely to continue or recur if the countervailing amount were no longer applied to those goods.
It will also consider whether injury to the UK industry in the relevant goods would be likely to continue or recur if the countervailing amount were no longer applied to those goods.
Countervailing measures are the UK's one of three trade policy tools to counter imports which are "causing or threatening injury" to domestic industry, the other two being anti-dumping and safeguard measures.
Countervailing, or counteracting, measures address imported good
