TRA recommends increasing duties on bus and lorry tyres
The TRA has recommended raising duties on bus and lorry tyres from China to protect the UK바카라 사이트檚 tyre retreading industry from injury.
The Trade Remedies Authority (TRA) has today (27 August 2024) published its initial聽findings聽on聽two聽transition reviews聽into聽聽and on lorry and bus tyres imported from China.聽
In its initial findings,聽the TRA聽has聽recommended聽raising the duties聽paid by the majority of聽Chinese聽tyre聽exporters聽in order to protect the聽UK바카라 사이트檚聽tyre retreading industry, which competes with imported聽new tyres聽from聽injury.聽
, the UK바카라 사이트檚 retreading industry is estimated to contribute around 拢230 million to the UK economy each year and supports 5,500 UK jobs.
The TRA has assessed evidence that historically, many of the tyres imported into the UK from China have been lower quality, 바카라 사이트渟ingle-use바카라 사이트� tyres which are less likely to be聽retreadable.聽If the measures were removed, it is likely that imports of these lower quality tyres would increase and cause injury to UK industry. This would also be detrimental to the environment as fewer of these tyres would be recycled through the聽retreading process.
Based on evidence provided,聽the TRA聽has聽recommended that the聽new聽combined anti-dumping and countervailing聽duty聽rates聽range from聽拢10.03聽per tyre聽to聽拢110.11聽per tyre.
The聽Hankook聽Group, which聽participated in the transition review,聽would聽pay聽拢10.03 per tyre聽in聽duties, while those exporters聽that聽did not cooperate聽would聽pay the residual rate of聽拢110.11聽per聽tyre.
Businesses that may be affected by these reviews are invited to comment on the TRA바카라 사이트檚 initial findings via the聽聽by 17 September 2024.
You can follow all new case developments on the聽.
Notes to editors:
바카라 사이트⒙燭he tyres investigated during these reviews are pneumatic rubber tyres, new or聽retreaded, and used for buses or lorries, with a load index exceeding 121.
바카라 사이트⒙燭he Trade Remedies Authority is the independent UK body that investigates whether new trade remedy measures are needed to counter unfair聽trading聽practices and unforeseen surges of imports.
바카라 사이트⒙燭he TRA is an arm바카라 사이트檚 length body of the Department for Business and Trade.
바카라 사이트⒙燭rade remedy investigations were carried out by the EU Commission on the UK바카라 사이트檚 behalf until the UK left the EU. EU trade remedy measures of interest to UK producers were carried across into UK law when the UK left the EU and the TRA is currently reviewing each one to assess whether it is suitable for UK needs.
바카라 사이트⒙燗nti-dumping duties allow a country or union to act against goods which are being sold at less than their normal value 바카라 사이트� this is defined as the price for 바카라 사이트榣ike goods바카라 사이트� sold in the exporter바카라 사이트檚 home market.聽
바카라 사이트⒙燙ountervailing, or subsidy duties, counteract imports being subsidised by their place of origin that cause material injury to a domestic industry.