India to submit tariff reduction proposals to WTO
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01/12/2002
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Hindu (New Delhi)
India will submit proposals on industrial tariff reductions to the World Trade Organisation by the end of December but they may be a far cry from the United States Government's proposals announced. Describing the U.S. position as "drastic and ambitious", the Commerce Secretary, Dipak Chatterjee, said the whole issue of industrial tariffs had been viewed at in the context of reforms and the roadmap to bring down tariffs to 10 and 20 per cent by 2004. Speaking at a Round Table on WTO negotiations on industrial tariffs and market access, organised by the Federation of Indian Chambers of Commerce and Industry (FICCI), he said India's response to the U.S. proposals would be presented in its submission in December. The U.S. had recently announced the key elements