Countervailing duties Current Affairs, GK & News

Union Cabinet approves India-Bangladesh Cooperation in Trade

The Union Cabinet recently approved the Memorandum of Understanding signed between the Director General of Trade Remedies of India and Trade and Tariff Commission of Bangladesh. The agreement was signed to increase the cooperation in the area of trade remedies. The agreement was signed on March 27, 2021. Key Highlights The agreement aims to promote ..

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India and 17 countries face U.S. Anti-Dumping Tax

The United States Department of Commerce is all set to tax aluminium sheet exporters from the 18 countries including India after the department determine that these countries had benefited from subsidies and dumping. Highlights This decision was taken by the US Department of Commerce after several U.S. aluminium alloy manufacturers complained that they were being ..

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US initiates new anti-dumping duty

The US has initiated new antidumping duty and countervailing duty investigations to determine whether forged steel fittings from India and Korea are being dumped there and to find if producers in India are receiving unfair subsidies. In 2018, imports of forged steel fittings from India and Korea were valued at an estimated $92.6 million and ..

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U.S. takes China to WTO on dumping row

The US-China trade pettifoggeries might now be an eternal issue at the WTO as US announced that it would be “challenging China’s imposition of antidumping and countervailing duties on more than $3 billion in exports of American-produced automobiles”. The U.S. had called for dispute settlement consultations with China at the WTO in an effort to ..

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