DGAD recommends anti-dumping duty on TBR import from China
The Dollar Business Bureau The Directorate General of Anti-Dumping and Allied Duties (DGAD), in its final report, has recommended that anti-dumping duty is to be imposed on the imports of truck and bus radial (TBR) tyres from China. The DGAD has submitted its report to the Ministry of Finance, which will come out with the final decision and issue a notification regarding the same. After investigations, the Authority has come to a conclusion that TBR has been exported by China to India below the normal prices, causing material injury to the local industry. There has been substantial rise in the dumped imports of TBR and the landed value of imported products have been considerably lower than the level of cost of selling ...
India urges China to remove import duty on oilseeds
The Dollar Business Bureau | @TheDollarBiz The Indian government has urged China to reduce duty on oilseed imports from India under provisions of the Asia-Pacific Trade Agreement (APTA) to help boost exports from India and reduce its trade deficit with China. Despite fluctuations due to weather conditions (over 60 % of production is dependent on rains), India’s oilseed production and exports have increased in the last few years. It is estimated that oilseed production reached a record high of around 328.77 lakh tonnes in FY2013-14. According to the Indian Oilseeds and Produce Export Promotion Council (IOPEPC), total oilseed exports by India surged to around 10 lakh tonnes worth around Rs.7,992 crore in FY2013-14, which is up about 66% and 160% in ...
Why an India-China FTA makes negative sense!
Steven Philip Warner | @TheDollarBiz While India has largely remained an exporter of traditional raw materials, China has moved up the value chain in exports. An FTA between the two nations will only benefit China (much) more. (L - Inside the biggest CCTV, surveillance camera company, in China, April, 2010 in Shenzhen; R- Textile workers in a small factory in Old Delhi, February, 2008 in Delhi, India) It’s surprising how many stakeholders and policymakers in India are proclaiming an India-China Free Trade Agreement to be a matter of “macroeconomic exigency”. Given China’s dominance in the world of foreign trade in recent years, especially exports, this seems a measured idea from a distance. But closer observation proves that this elixir of ...
