India proposes WTO benchmark on anti-dumping

21/05/2010 12:00 - 464 Views

India recently moved to the World Trade organization and put up a proposal for introducing some kind of benchmark for countries which impose anti-dumping duties on goods originating from countries, which heavily subsidize their exporters.

The move by the government is seen as a precaution as it provided incentives to exporters of textiles, apparel and leather goods to help them meet the economic crisis, could attract penal duties from importing countries.

This is the main reason, why India is asking for a standard benchmark, which does not attract excessive and arbitrary duties.

Speaking on the issue, President of Clothing Manufacturers Association of India (CMAI), Rahul Mehta, as quoted by a media report, said, "I would support the Government’s view that ambiguities should be removed."

"But my experience is that the Government is extremely particular that any measure of Export Promotion announced is within the norms of WTO. As long as this is maintained, I do not see any harm in laying down an objective bench mark as suggested by the Government," Mehta was quoted.

SME Times News Bureau | 18 May, 2010

Source: smetimes.tradeindia.com