Import of Used Cars
Posted on June 30th 2008If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Society of Indian Automobile Manufacturers (SIAM) has resisted a plan of the government to import used cars in India. Trading of used car in country may cause a risk to the increasing auto industry in the India, it says.
SIAM thinks that such a move may lead to import of refurbished goods from developed countries such as African states. They have raised concerns over various clauses in the WTO’s modified Non-Agricultural Market Access drafts.
The proposal on initiatives for the elimination of tariffs in specific sectors is in complete breach of the mandate that these initiatives are merely a supplementary and non-mandatory modality.
- Automotive Component Manufacturers Association (ACMA) said.
According to a modified proposal of the WTO, there should be free trade of refurbished or remanufactured goods between the countries.
Trade in used vehicle, under any name, is essentially trans-boundary movement of waste of a country and governments should not encourage trade of such vehicles. As such countries should be free to decide how they want to treat different types of used products and not to be forced through WTO mandate and such products should not be treated as new under any circumstances.
- ACMA.
Indian Auto Company fears that imports of such used cars shall straightforwardly hit domestic making in a country.
By editor in Auto India News