Trump administration to launch anti-dumping probe against steel flanges on India and China
The Dollar Business Bureau The US Ministry of Commerce has said it is likely to launch anti-dumping and countervailing duty probe of steel flanges being dumped by India and China into its markets. The Commerce ministry has been petitioned by the Coalition of American Flange Producers and members in its group like Core Pipe Products Inc of Illinois and Maas Flange Corporation of Texas, to consider their petitions filed on August 16 and begin the investigation. The domestic producers allege that the estimated dumping margins ranged between 99.23% to 257.11% for China and 78.49% to 145.25% for Indian steel products and also estimated that products from both the sides were subsidized at undetermined rates. Reiterating his government’s support to defend American businesses and ...
US hike in anti-dumping to hit Indian shrimp exports: ICRA
The Dollar Business Bureau The US’s decision to increase anti-dumping duty on shrimp imports could hit Indian exporters hard, rating agency ICRA said in a recent report. “Any hike in anti-dumping duty (ADD) for shrimp exports from India, by the US, should lead to higher prices for Indian shrimp imports to US, making Indian shrimp un-competitive,” it said. The US Department of Commerce (US DoC) has hiked the weighted average anti-dumping duty on shrimp imports from India to 4.98% from its earlier 2.96%. The US has of late emerged as the largest consumer of shrimps exported from India, especially after a disease (Early Mortality Syndrome) hit Thailand's total shrimp production, thereby affecting that country’s shrimp exports to the US. The US alone accounts for almost 39% ...
18-member US trade delegation to visit India next month
The Dollar Business Bureau An American trade delegation, led by the US Deputy Secretary of Commerce Bruce Andrews, will visit India next month with an aim to enhance bilateral engagements in the country’s technology, services, transportation and power sectors. “The trade mission will help US companies launch or increase their business in India, focusing on technologies, systems and services in the safety and security, intelligent transportation, water, wastewater, and power sectors,” US Department of Commerce said in a statement. The delegates from 18 major companies, accompanied by the US Trade and Development Agency (USTDA) Director Lee Zak and Vice President of Global Business Development at the Export-Import Bank Ray Ellis, will participate in the Smart Cities Infrastructure Business Development Mission ...
US woos Punjab, Haryana firms to make investments
Source: PTI The US wants Punjab and Haryana-based firms especially in life science, textile and auto parts sectors to invest there to further strengthen trade and economic ties between the two nations. “There is a strong life science component in Punjab area here. So this is the one sector which we see a lot of growth opportunities and another is auto parts,” Embassy of USA, Commercial Officer, Paul Frost said while addressing media in Chandigarh on Tuesday. However, he said the US was also looking at other sectors including textile, IT services, pharmaceuticals from India to make investments in America. The US Department of Commerce's Select USA Programme is going to hold its first ever India road show starting October 13 ...
WTO Appellate Body rules in Indias favour over CVD on steel imports by USA
Bidhu Bhushan Palo | The Dollar Business Hot Rolled Carbon Steel Flat Products are usually used in the manufacture of durable products such as automobiles, heavy machinery, pipes, and construction products. The Appellate Body of the World Trade Organisation, the highest authority in dispute settlement among members, has ruled largely in favour of India regarding countervailing duties (CVD) imposed by USA on imports of Carbon Steel Flat Products from India. According to India’s Ministry of Commerce, the United States Department of Commerce (US DOC) had imposed Countervailing Duty (CVD) on India’s exports of Hot Rolled Carbon Steel Flat Products, which affected adversely India’s steel exports. One of the claims made by USA was over procurement of subsidised coal and iron ...
