Directorate of trade remedy to be set up

Written by fe Bureaus | New Delhi | Updated: Aug 28 2009, 05:34am hrs
In an effort to support the domestic industry in seeking counter-measures on import surges, the commerce ministry will set up a directorate of trade remedy measures.

This is an effort to put all trade remedy measures under a single window. They cover anti-dumping and other countervailing measures as well as safeguards, said commerce secretary Rahul Khullar.

The announcement was made while releasing the Foreign Trade Policy.

The domestic industry has to take recourse to complex WTO compliant measures like anti-dumping and safeguard investigations to counter surge in cheap imports. Small and medium enterprises (SMEs) often find it difficult to file complaints on import surges as they involve complex procedures. Hence the industry relies on technical consultants for filing complaints.

Through this initiative the government seeks to provide technical assistance to the Indian exporters especially the SMEs, right from filing of the application until the conclusion of the case.

The directorate will also help Indian exporters facing anti-dumping cases in overseas countries.

As per the report on the trade policy reviews by WTO, India accounted for 42 out of 120 anti-dumping investigations in the second half of 2008.

This year from February, India has 16 anti-dumping investigations in process so far.