CURRENT AFFAIRS

Detailed explanation-1: -In addition to the anti-subsidy measures imposed on India and Indonesia today, the EU currently also has anti-dumping measures in place against imports of stainless steel cold-rolled flat products from China and Taiwan. The duties range between 24.4% and 25.3% for China and between 0% and 6.8% for Taiwan.

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 government imposes anti-dumping duty on foreign imports when it believes that the goods are being “dumped” – through the low pricing – in the domestic market. Anti-dumping duty is imposed to protect local businesses and markets from unfair competition by foreign imports.

Detailed explanation-4: -India imposes anti-dumping duty on stainless steel tube imports from China. BENGALURU, Dec 21 (Reuters)-India has imposed an anti-dumping duty on stainless steel seamless tubes and pipe imports from China for five years to remove “injury” to the domestic industry, according to a government notification.

Detailed explanation-5: -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.