Mechanism To Deal With Injury Due To Tarrif Reduction

What is the mechanism to deal with the injury caused to the domestic country due to tariff reduction?
Posted 1 year ago  | 
International Law
International Law

1 Answer(s)

Vishal Kumar Thakur
Advocate

Both the parties can resort to bilateral safeguards measures in the event of increased imports as a result of tariff reduction which causes or threatens to cause serious injury to the domestic industry. While the measure is to be imposed after due investigation, it can be in the form of Suspension of further reduction of duty,Increase of tariffs upto the MFN level.On anti-dumping measures, both Parties would conduct all investigations against goods dumped from the other Party keeping in view the recommendations of the WTO Committee on Anti-Dumping Practices as well application of the lesser duty rule (LDR) and prohibition of zeroing.