CURRENT AFFAIRS

2017

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

For Which country Union Government imposes anti-dumping duty on sodium nitrate imports recently?

A	China
B	Pakistan
C	Nepal
D	Sri Lanka

Explanation:

Detailed explanation-1: -What is the purpose of the antidumping and countervailing duty laws? Antidumping and countervailing duties are intended to offset the value of dumping and/or subsidization, thereby leveling the playing field for domestic industries injured by such unfairly traded imports.

Detailed explanation-2: -The recommended anti-dumping duty ranges from $114 per tonne to $3, 801 per tonne of stainless pipe and tubes of different grades. NEW DELHI : The Centre has imposed anti-dumping duty on stainless steel seamless tubes and pipes imported from China for five years to remove “injury” to the domestic industry.

Detailed explanation-3: -The recommended duty ranges from USD 114 per tonne to USD 3, 801 per tonne as per the notification released in September. World Trade Organisation (WTO) rules permit the imposition of anti-dumping duties. India and China are both members of this multilateral organisation based in Geneva.

There is 1 question to complete.