UK-India CETA Chapter 4: Trade Remedies
Text of chapter 4 of the Comprehensive Economic and Trade Agreement (CETA) between the United Kingdom of Great Britain and Northern Ireland and India.
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Trade remedies provide further protections for domestic industry against unfair trading practices or unforeseen surges in imports of goods.
This chapter includes a bilateral safeguard mechanism. This will allow the UK or India to temporarily increase tariffs or suspend tariff concessions if the tariff liberalisation agreed in the FTA leads to a surge of imports that causes or threatens to cause serious injury to domestic industry.
Alongside this are provisions on the proportionate and transparent application of trade remedy measures.
The chapter affirms both countries’ rights and obligations under the WTO, allowing members to apply trade remedies proportionately and transparently.
The agreement is not yet in force. Both the UK and India are required to complete their respective domestic procedures for the agreement to come into effect. Once ratified by both countries, businesses will be able to trade under its terms.