Indian wire maker's plea for duty-free status sparks US criticism
Nov 12, 2009 | 09:15 AM
| Anne Riley
At least two U.S. trade associations and one major aluminum company have filed written objections to an Indian wire manufacturer's petition seeking duty-free treatment.
The petition, which has garnered stark opposition from both Noranda Aluminum Inc. and the Aluminum Association, was filed by Mumbai-based Apar Industries Ltd. in an attempt to add aluminum conductor steel reinforced (ACSR) wire from India to the Generalized System of Preferences (GSP) program of the U.S. Trade Representative (USTR).
The GSP program, which is designed to promote economic growth in the developing world, provides duty-free treatment to more than 7,000 products from eligible countries. Each year, a number of foreign companies seek to have their products added to the list of accepted duty-free products. This year, the Apar petition was one of five to be selected for consideration by the USTR.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.