Goyal Highlights Steps to Protect Local Industry from Unfair Trade Practices
The government has taken several steps like reduction in time to initiate anti-dumping cases to protect domestic companies from unfair trade practices, Union minister Piyush Goyal said on Tuesday.
New Delhi, Nov 19 (PTI) The government has taken several steps like reduction in time to initiate anti-dumping cases to protect domestic companies from unfair trade practices, Union minister Piyush Goyal said on Tuesday.
The commerce and industry minister in a tweet also mentioned the government has strengthened several trade remedial measures.
"In order to provide a level-playing field for the domestic industry and protect it from unfair trade practices in a time-bound manner, the government has strengthened several trade remedial measures," he said.
According to the information shared by the minister, the average number of days for initiation of an anti-dumping investigation dropped to 32 in 2019 from 259 in 2016.
The average number of days for the start of a probe for imposing countervailing duty has been declined to 66 in 2019 from 72 in 2016.
The number of anti-dumping cases initiated in 2019 was 25 against five in 2016, according to the information shared by the minister.
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