India Govt. creates DG for trade remedies

18/05/2018 12:00 - 532 Views

The Ministry of Commerce on Thursday issued a notification for a unified Directorate General of Trade Remedies (DGTR) that would subsume the Directorate General of Anti-dumping and Allied duties, Directorate General of Safeguards and some functions of the Directorate General of Foreign Trade.

“DGTR will be the apex national authority for... all trade remedial measures including anti-dumping, countervailing duties and safeguard measures,” according to a release. “The DGTR will bring Directorate General of Anti-dumping and Allied duties (DGAD), Directorate General of Safeguards (DGS) and Safeguards (QR) functions of DGFT into its fold by merging them into one single national entity.” The body will also provide trade defence support to domestic industry and to exporters in trade remedy investigations instituted by other countries.

“In the last three years, India initiated more than 130 anti-dumping/countervailing duty/safeguard cases to deal with the rising incidences of unfair trade practices and to provide a level playing field to the domestic industry,” the release said.

Source: The Hindu