Govt opens dumping probe on Malaysia, Vietnam, Thai copper tube imports



NEW DELHI (Reuters) – India is investigating imports of tubes and pipes from Malaysia, and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said.


The investigation by India’s Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties, said a government circular posted on Friday.



The probe covers imports shipped between April 1, 2019 and March 31, 2020.


“The Authority has also received the import data of customs of the subject goods during the past four years which indicate increased imports mainly from Malaysia, and collectively account for more than 90% of total imports of subject goods,” the circular said.


In a statement to Reuters, the Vietnamese foreign ministry said strictly adhered to World Trade Organization (WTO) rules.


“Trade issues between Vietnam and India should be considered objectively, fairly and transparently in accordance with WTO rules, and bilateral and multilateral trade agreements that the two countries both joined,” the ministry’s spokeswoman said in the statement.


Calls to two Vietnam-based companies named in the Indian investigation were not answered.


 


(Reporting by Neha Arora; Additional reporting by Phuong Nguyen in Hanoi; Editing by William Mallard and Ed Davies)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link