EU MINISTERS REBUFF INDIAN BID FOR RELIEF FROM ANTIBIOTIC COUNTERVAILING DUTIES

BY KEITH NUTHALL

EUROPEAN Union (EU) ministers have largely ignored an Indian government request for lowering EU countervailing duties on imports of certain broad spectrum antibiotics from India. This followed a reform of Indian subsidies, which the duties counteract. But ministers have decided to only lower duties for New Delhi's Ranbaxy Laboratories Ltd, (30.3% to 11.9%). The general rate remains 32%.

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