Tuesday, July 16, 2024
HomeNewsCaribbean NewsTRA to review measures on tyres from China

TRA to review measures on tyres from China

By Caribbean News Global fav

LONDON, England – The Trade Remedies Authority (TRA) has today initiated two transition reviews into anti-dumping and countervailing measures on lorry and bus tyres imported from China.

The tyres to be investigated during this review are pneumatic rubber tyres, new or retreaded and used for buses or lorries, with a load index exceeding 121.

“The UK’s retreading industry is estimated to contribute around £230 million to the UK economy each year and supports 5,500 UK jobs,” added Trade Remedies Authority. “As part of the transition review, the TRA will determine whether dumping of imported tyres or importation of subsidised tyres would be likely to continue or recur if the measures were no longer applied and whether injury to the UK industry would be likely to continue or recur if the measures were no longer applied.”

The investigation will cover the period from 1 January 2022 to 31 December 2022. In order to assess injury, the TRA will examine the period from 1 July 2019 to 31 December 2021.

Trade Remedies Authority advised that: “Businesses that may be affected by the review (such as importers or exporters of the products or UK producers of similar products) can contribute to the review by registering on the TRA’s online case platform. They can also stay up to date with developments in the case, which will be posted on the TRA’s public file.”



Please enter your comment!
Please enter your name here


Caribbean News

Eastern Cuba makes strides toward circular economy

By Caribbean News Global HOLGUÍN, Cuba, (ACN) - A number of enterprises in the province of Holguin are already applying the postulates of circular...

Global News

UN deputy chief calls for major arms spending cuts and urgent action to save SDGs

By Vibhu Mishra NEW YORK, USA, (UN News) - The UN Deputy Secretary-General on Monday urged global leaders to redirect resources from warfare to peace and...