China hopes India will be prudent in use of trade subsidies

China said on Wednesday it hopes India, which suspects China of dumping cheap steel products, will be prudent in any use of trade subsidies.

"Direct or indirect export to Iran or import from Iran is now permitted subject to UN Security Council Resolution… and IAEA specified documents," the notification added. (Reuters)

China said on Wednesday it hopes India, which suspects China of dumping cheap steel products, will be prudent in any use of trade subsidies.

An online Commerce Ministry statement said trade protection measures were an obstacle to global trade and would not solve the problem of
the global steel surplus.

India is investigating the possible dumping of cheap steel products into the country by six nations, including China. Previously, it
imposed a floor price in an effort to curb purchases of cheap foreign steel.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.