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 ..
Dumping: GK, Current Affairs, Questions, Trivia and News
The Ministry of Finance has approved imposing of anti-dumping duty on import of electrical insulators (glass or ceramics/ porcelain) from China. What are electrical insulators? Electrical insulators are typically used in bushings, disconnectors, circuit breakers, transformers, power transmission and distribution lines, including railways. Anti-dumping Duty on Electrical Insulators from China The anti-dumping duty will be ..
The Ministry of Finance has imposed definitive anti-dumping duty on all imports of Purified Terephthalic Acid (PTA) from South Korea and Thailand. PTA is primary raw material in the manufacture of polyester chips, which in turn are used in a number of applications in textile, packaging, furnishings, consumer goods, resins and coatings. The latest action ..
China has launched a dispute resolution case against US and EU at the World Trade Organisation regarding the surrogate country approach followed by the US and EU to calculate anti-dumping measures against exports from China. When China joined the WTO in 2001, it accepted to allow WTO members to treat it as a non-market economy to calculate anti-dumping ..
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 ..
Target of generating 1 Lakh MW Electricity in 12th year plan The Power Ministry set a target of generating 1 Lakh MW (Mega Watt) electricity in the 12th year plan As per The Union Minister of Power Sushil Kumar Shinde: The total installed capacity in the country is about 1,78,000 MW, out of which 38,000 ..
Minister for Commerce & Industry, Government of India Mr. Kamal Nath had announced Annual Supplement 2005, to the Foreign Trade Policy 2004-09 on the 8th April 2005.Main Points:1. Setting up an Inter State Trade Council to engage the State Governments in providing an enabling environment for boosting international trade. 2. Agriculture:2.1. Cess on export of ..