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India: Tyre Industry Demands Review of Regional Trade Agreements
In a pre-budget submission to the Finance Ministry, the domestic tyre industry has sought review of India’s regional trade agreements which are adversely impacting the domestic tyre industry. According to Automotive Tyre Manufacturers Association (ATMA), tyres in large volumes were entering India, while import of raw materials was restricted as a direct outcome of these agreements.
11 JUL 2014
India: Tyre Industry Demands Review of Regional Trade Agreements
In a pre-budget submission to the Finance Ministry, the domestic tyre industry has sought review of India’s regional trade agreements which are adversely impacting the domestic tyre industry. According to Automotive Tyre Manufacturers Association (ATMA), tyres in large volumes were entering India, while import of raw materials was restricted as a direct outcome of these agreements.