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India Takes 26 Trade Defense Measures During Mar 2008-Nov 2009
03/02/2010 12:00
NEW DELHI - India has taken 26 trade defense 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 defense measures offset adverse effects of dumped, subsidized 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 or threat of injury/market disruption.
“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 defense measures offset adverse effects of dumped, subsidized 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 or threat of injury/market disruption.
(PTI)
Date Submitted: Thu Jan 28, 2010
Source: www.indiajournal.com
Date Submitted: Thu Jan 28, 2010
Source: www.indiajournal.com
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