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India tops anti-dumping investigations, says WTO

10/05/2009

NEW DELHI: Amid global downturn, India initiated the highest number of 42 anti-dumping investigations, followed by Brazil and China, between July and December, 2008, according to a WTO report

India Steel and Auto Production up Behind Trade Barriers

10/05/2009

India is quietly weathering the global financial crisis rather well. Its economy is still protected to some extent behind trade barriers and with significant state involvement in key industries, such as defense, power generation, steel, aluminum, oil, and so on the government has supported key sectors. Its banks have not been exposed to the CDS or other financial wizardry that has brought so much of the west’s financial sector to its knees. Mr. Duvvuri Subbarao, Governor of the Reserve Bank of India, expects growth of 6% for 2009/10 led by the private sector with steel at 4-5%, coal at 5.2% and even autos and motorcycles with double digit growth.

CISA unhappy over US move on AD on OCTG

10/05/2009

According to the China Iron & Steel Association pointed out that America was selling steels to China at unreasonably low prices.

APTMA budget proposals seek vital intervention in tax regime

10/05/2009

All Pakistan Textile Mills Association (APTMA) budget proposals have sought vital intervention of the government in tax regime to ensure revival of industry. The revenue-neutral and revival-focused budget proposals, prepared by the APTMA, stress upon a stable environment with more market access to deal with competitiveness issues amid global economic meltdown.

Anti-dumping probes jump 17%

10/05/2009

GENEVA - THE number of anti-dumping probes launched by trading nations against alleged unfairly-priced imports jumped 17 per cent in the second half of 2008, with China a key target, the WTO said on Monday

Trade wall goes up to stop Chinese invasion

10/05/2009

IN A tough stand against cheap imports from China, India has decided to employ every internationally sanctioned weapon in the trade armoury to shut out goods from the dragon land that hurt Indian companies in these hard times.

EU says trade talks with China may speed recovery

10/05/2009

Trade talks between China and the European Union this week could help both economies recover from the current downturn by boosting exports and investment, the EU's top trade official said Wednesday.

Textile mills demand exemption from WHT

07/05/2009

LAHORE: The All Pakistan Textile Mills Association (APTMA) has demanded the Federal Board of Revenue (FBR) to exempt all textile machinery, raw material, spares and chemicals from 1 per cent withholding tax (WHT) at the import stage.