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Destination Europe: More Chinese Products En Route to Europe?
08/10/2009
Stephen Wu described the tariff as a political decision: “The tariff is contrary to free trade spirit. [It] harms not only Chinese, but also US people. More people will lose jobs, than the number of people that keep jobs. It’s not economical. Why does Obama support it? I think he want to exchange for the support of worker unions on other issues. So the Chinese suppliers and the US tyre importers and distributors become victims.”
Importers must study exemption notifications carefully
08/10/2009
A Division Bench of the Bombay High Court has held [Dimexon Vs. UOI 2009 (241) ELT 519 (Bom.)] that “once a notification is issued under Section 25 of the Customs Act, 1962, that notification alone would govern the issue of exemption of Customs duty”. The judgment is significant because there are many situations when the Foreign Trade Policy (FTP) provisions are different from the Customs exemption notifications.
China renews PVC antidumping measures
08/10/2009
Asian shoe stampede presents EU with its toughest test
08/10/2009
Almost a year after taking over as Europe’s trade commissioner, Baroness Ashton faces her stiffest challenge yet as she steps into a dispute involving footwear from China and Vietnam. Confronted by a surge in low-cost imports, Peter Mandelson, her predecessor, slapped duties of 16.5 percent on a variety of leather shoes from China, and 10 percent on those from Vietnam in 2006.
