India has put up a proposal with the World Trade Organization (WTO) suggesting that a benchmark is necessary when countries impose anti-dumping duties on goods originating from countries which heavily subsidize their exporters.
As such these anti-dumping duties are not so common, but worry stems from the fact that the Indian government which provided incentives to exporters of textiles, apparel and leather goods to help them meet the economic crisis could attract penal duties from importing countries.
This is the main reason why India is asking for a standard benchmark which does not attract excessive and arbitrary duties.
Mr Rahul Mehta, president of the Clothing Manufacturers Association of India (CMAI), said: “I would support the government’s view that ambiguities should be removed. But my experience is that the government is extremely particular that any measure of export promotion announced is within the norms of WTO. As long as this is maintained, I do not see any harm in laying down an objective benchmark as suggested by the government."
|
|
|
|
