EU Imposes Countervailing Duty on Indian Optical Fibre Cables, Potentially Affecting Universal Cables Jun 13, 2025
The European Union has implemented a countervailing duty on optical fibre cables imported from India. This measure could affect the competitiveness of Indian manufacturers, including Universal Cables Ltd., in the EU market. The duty may lead to increased export costs, challenges in maintaining market share, and the need for strategic adjustments by Indian exporters. The specific rate and impact of the duty have not been disclosed. This development affects the entire Indian optical fibre cable industry exporting to the EU, potentially prompting industry-wide discussions and diplomatic efforts.
EU Imposes Countervailing Duty on Indian Optical Fibre Cables, Affecting Universal Cables Jun 12, 2025