Thailand Steel Import Duty For Indian Products Could Hurt Local Exports

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India’s steel exports to Thailand could be affected after a recent duty imposition, states a latest update from the Ministry of Commerce and Industry. Recently, Thailand imposed a definitive safeguard duty on imports of certain hot rolled steel flat products originating from India at the ad valorem rate of 44.2% for the period 15th September 2013 to 26th February, 2014. This would be progressively reduced as per the provisions of Agreement on Safeguard under the World Trade Organization (WTO).

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