Govt initiates anti-dumping probe on cheap paper imports
The Dollar Business Bureau The Government has initiated an anti-dumping investigation on the imports of uncoated copier paper from Thailand, Indonesia and Singapore, following complaints filed by some domestic producers. “The Authority has found "sufficient prima facie evidence" of dumping of uncoated copier paper from the subject countries, ‘injury’ to the domestic industry and causal link between the dumping and ‘injury’ exists to justify initiation of an anti-dumping investigation,” Directorate General of Antidumping and Allied Duties (DGAD) said in a notification (F. No.6/32/2017-DGAD). “The authority hereby initiates an investigation into the alleged dumping, and consequent injury to the domestic industry,” it said. The move is aimed to protect the domestic industry against the cheap imports from those countries. The application before the DGAD has been ...
US's leading railroad agency confirms freight railroads provide vital connection to trade
The Dollar Business Bureau The Association of American Railroads, America’s leading railroad policy, research, standard setting and technology organization of the rail industry has in its latest report confirmed that freight railroads are deeply connected to International Trade. The report reveals that at least 50,000 US Rail jobs , 35% of rail revenues and 42% of carloads and intermodal units are directly supported by international trade. The report which was released on March 29, says approximately 50,000 rail jobs accounting for more than $5.5 bn in annual wages and benefits depended directly on international trade emphasizing the need for trade agreements with countries and not rushed policy modifications as President Trump’s recent statements revealed. Many in the political circles agree that the data ...
Rising imports hinder growth of Indias paper industry
Sai Nikesh | The Dollar Business Large scale new investments planned in India’s paper industry with an estimated current turnover of Rs 50,000 crore, have been put on a backburner as a result of rise in cheap imports, Indian Paper Manufacturers’ Association (IPMA) told The Dollar Business, on Thursday. In this regard, it said, “We have asked the government to impose 10% special additional duty on imports of paper and paperboard on actual use basis and for bringing the basic customs duty on import of the same from ASEAN countries back to the Most Favoured Nation (MFN) rate.” The government was also asked to review all existing Free Trade Agreements (FTAs) and to keep ‘paper’ in the negative list in all ...
