Anti-dumping duty Current Affairs - 2020
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European Union (EU) has imposed a provisional anti-dumping duty of up to 31.2 per cent on imports of sewage and water steel pipes from India for six months to protect its domestic industry.
This decision was taken after European Commission in its anti-dumping probe concluded that the material injury was caused by the dumped imports from India to the Union industry.
The anti-dumping probe was conducted by Commission with regard to imports of tubes and pipes of ductile cast iron used for sewage disposal, drinking water supply and irrigation of agricultural land, originating from India on 20 December 2014.
The probe was initiated by the European Commission following complaints filed by Saint-Gobain PAM group on behalf of producers.
Implications: This move will have negative impact on Indian exporters of these pipes to the European market. During October 2013 and September 2014 period, Indian export had significantly increased by over 22 per cent in terms of volume.
It should be noted that countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below cost (cheap) imports. Anti-dumping duty is imposed as a counter-measure to protect domestic industry under the multilateral World Trade Organisation (WTO) regime.
Tags: Anti-dumping duty • Business • Current Affairs 2016 • Economy • European Union
United States (US) has extended the anti-dumping duty on Indian preserved mushrooms for another five years.
This decision to revoke existing anti-dumping duty orders on preserved mushrooms was taken by US International Trade Commission on cheap imports Chile, China, India and Indonesia.
The move will have a negative impact on India’s domestic exporters as US is a major export destination.
What is Preserved mushroom?
- Preserved mushroom refer to mushrooms prepared or preserved by blanching, cleaning and sometimes slicing and cutting.
- It is very nutritious, rich in fibre, proteins. It has high content of folic acid which is uncommon in vegetables and also has amino acids which are usually absent in cereals.
India’s Preserved mushroom trade and Production
- India exported mushrooms worth 16.08 million dollars in year 2014-15. Major export destinations are US, UAE, Israel and Russia.
- India’s mushroom export to US was record 24.76 million dollars in 2011-12.
- In 2009-10, India produced 40,600 tonnes of mushroom. China is a leading player in terms of mushrooms production.
- Major producing states: Punjab, Haryana, Himachal Pradesh, Uttar Pradesh, Rajasthan and Jammu & Kashmir.
- Solan district of Himachal Pradesh is popular as ‘Mushroom City of India’ because of the vast mushroom farming in the area.
Anti-dumping duties: It is counter import measure under the multilateral World Trade Organisation (WTO) regime to protect domestic producers and market from below-cost/cheap imports. It varies from product to product and from country to country.
Tags: Agriculture • Anti-dumping duty • Current Affairs 2016 • United States • WTO