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India takes 26 trade defence measures during 2008-09
22/01/2010 12:00
India has taken 26 trade defence measures, including anti-dumping duty, since March 2008 up to November 2009, in order to protect its small and medium enterprises from cheap imports mainly from China.
"During 2008-09 and 2009-10 (up to November 2009) anti-dumping duty was imposed in 22 cases and final safeguard duty was imposed in 4 cases," an official statement said.
Trade defence measures offset adverse effects of dumped, subsidised or increased imports.
Imports from China increased by about 35 per cent to Rs 147,605 crore in 2008-09 from Rs 109,116 crore in the previous year.
Anti-dumping duty is imposed when a product is imported at less than its normal value and causes injury to the domestic industry. Meanwhile, safeguard duty can be levied in case there is serious threat of injury/market disruption.
During a meeting with Chinese Prime Minister Wen Jiabao in Beijing on January 19, Commerce and Industry Minister Anand Sharma took up the matter of increasing trade gap with China.
India had a huge trade gap of about $7 billion (over Rs 32,100 crore) in 2008-09, with imports from China amounting to more than $32 billion.
"During 2008-09 and 2009-10 (up to November 2009) anti-dumping duty was imposed in 22 cases and final safeguard duty was imposed in 4 cases," an official statement said.
Trade defence measures offset adverse effects of dumped, subsidised or increased imports.
Imports from China increased by about 35 per cent to Rs 147,605 crore in 2008-09 from Rs 109,116 crore in the previous year.
Anti-dumping duty is imposed when a product is imported at less than its normal value and causes injury to the domestic industry. Meanwhile, safeguard duty can be levied in case there is serious threat of injury/market disruption.
During a meeting with Chinese Prime Minister Wen Jiabao in Beijing on January 19, Commerce and Industry Minister Anand Sharma took up the matter of increasing trade gap with China.
India had a huge trade gap of about $7 billion (over Rs 32,100 crore) in 2008-09, with imports from China amounting to more than $32 billion.
Press Trust of India / New Delhi January 21, 2010, 16:03 IST
Source: www.business-standard.com
Source: www.business-standard.com
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