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India wary of China's twisted silk yarn from China
28/10/2009
After being banned from dumping raw silk and silk fabrics, China has found a newer route to enter the Indian market. The biggest producer of silk in the world has now started ‘dumping’ twisted yarn in India about 25 per cent less than the domestic price. While the Indian twisted yarn is available for Rs 1,700 per kg, China is selling its yarn at Rs 1,250-1,300 per kg. As a result, the local twisting units have suffered and as many as 2,000,000 of them have shut shop. This has been a major concern for Indian silk industry, said H Hanumanthappa, chairperson, Central Silk Board (CSB).
China retaliates against Obama administration
28/10/2009
China has started anti-dumping investigations on US chicken, and car-parts imports. China strikes 36% tariff on nylon imports as part of its continued retaliation against the Obama administration's 25 to 35% duties imposed on its tyre imports from China. These are minor disturbances in the trade between the two countries. The disparate speed of recovery is already making worldwide imbalances worse and introducing new tensions to global relations.
China evades EU's anti-dumping duty via India
26/10/2009
New Delhi: China and some South East Asian countries are becoming a major source of worry for Indian revenue intelligence agencies. The authorities say some Chinese manufacturers are evading anti-dumping duty their goods would have attracted in European Union (EU) countries, by routing the same through India.
