India protecting its Domestic Industry- Good or Bad

India has topped the list of the nations, in initiating the antidumping cases. Out of 120 new cases initiated world wide, in the 2nd half of 2008, India's contribution is of 42 cases. Other Countries following the trail are China (11 cases) and Brazil (16 cases) Argentina, Turkey, and the European communities.

Major target countries are China, European Communities, and the United States.

Surprisingly India has initiated pleothra of safeguard measures after a break of couple of years. India has imposed Y 2005 (1 measures), 2003 (3 measures), 2002 (2 measures), 2001 (2 measures), 2000 (3 measures), 1999 (2 measures) and 1998 (6 measures) .

In year 2008 alone it has initiated 2008 (13 cases)

Recent action has been on

a 20% safeguard duty soda ash imports from China.
a 25% safeguard duty on phthalic anhydride (PA),
a provisional antidumping duty of $0.84-$0.92/kg on imports of all grades of nylon tyre cord fabric from Belarus
antidumping initiation on polypropylene (PP) imports from Saudi Arabia, Singapore and Oman
Definitive anti-dumping duty (ADD) on flexible slabstock polyol imports from China, Taiwan, South Korea and Brazil.
extend ADD on melamine imports from China until 1 October 2009
ADD on nitrile rubber (NBR) from South Korea.
ADD was introduced on caustic soda and rubber chemical imports from South Korea and China.

ipminds’s posterous

India protecting its Domestic Industry- Good or Bad

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