Top officials of Technical Secretariat for Anti Dumping said that potential investors are allowed to file complaints against dumping activities which could harm their trade.

Mr Rihan M Fayez director general of the Technical Secretariat for Anti Dumping said that there has been an increase in the number of cases related to dumping in recent times, which has forced the UAE government to establish bodies to deal with the issue. He added that industries need to be aware of preventive measures that can be taken by anti dumping bodies. Mr Fayez said that "The objective of the unified law is to combat harmful practices that threaten the industry." He added that potential investors who decide to not follow through on their intentions when they notice dumping in the market can file complaints with the correct authorities.

Mr Atiq Juma Nasib ED commercial services of DCCI said that "Anti dumping has increased worldwide. East Asia accounts for a large and growing share of worldwide dumping."

In the recent past, Dubai Wire, a Jebel Ali based manufacturer of steel nails faced charges in the United States for dumping nails at less than fair value, which later was declared negative by US Department of Commerce. Department of Commerce determined that producers and exporters from the UAE have not sold steel nails in the United States at less than normal value. Therefore, the UAE investigation was terminated.

July 03, 2008

Source: steelguru.com