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India-US Trade Pact Will Be a Big Shot in Arm: Panagariya
Millennium Post Delhi
|Delhi 27 July 2025
The duration of a bilateral safeguard measure under this pact is initially up to two years, the Commerce Ministry said
NEW DELHI: The free trade agreement with the UK allows India to temporarily raise tariffs or suspend concessions if a sudden surge in British imports harms domestic industries, the Commerce Ministry said on Saturday.
The India-UK free trade agreement was signed on July 24 in London.
"In this agreement, there are bilateral safeguard measures. It allows India to temporarily increase tariffs or suspend tariff concessions on certain goods if there is a significant surge in imports from the UK that causes or threatens to cause serious injury to Indian domestic industries," it said.
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