The Southern India Mills' Association (SIMA) on Sunday thanked Prime Minister Narendra Modi, Union Finance Minister Nirmala Sitharaman and Union Textile Minister Piyush Goyal for removing the anti-dumping duty on elastomeric filament yarn.
Skyrocketing exports of the agricultural commodity may have led to scarcity and food price inflation, the Commerce and Industry Minister told Business Today TV.
India's imposition of export duty on iron and steel intermediates is likely to impact projects under the PLI scheme. The Indian Steel Association (ISA) on Saturday said the export duty will send a negative signal to investors and that could adversely impact capacity expansion projects under PLI.
The TRA has recommended a new trade remedy on Aluminium Extrusions from China. A provisional remedy will come into force while the investigation concludes.
After the Vietnamese imposition of anti-dumping and anti-subsidy duties, the volume of Thai sugar imported to Việt Nam hit a four-year low in Q1 of 2022, speeding up the recovery of domestic sugar.
Vietnam’s garment exports to major markets such as the United States, the European Union and the Republic of Korea soared considerably in the first four months of the year thanks to high demand fueled by the global economic recovery and incentives from free trade agreements.
The Ministry of Agriculture and Rural Development (MARD) has just received a notice from the US authorities saying they have completed the appraisal of procedures of importing Vietnamese pomelos.