The Supreme Court of India recently held that Ministry of Finance is required to issue the notification extending anti-dumping duty before expiry of the five-year levy, and that duty that has already lapsed cannot be extended by another notification at a later date.
The next Ministerial Conference of Members of the Word Trade Organization is scheduled to be held in Buenos Aires on 10-13 December 2017.
In today’s business environment, it is a common practice for manufacturing companies to have extended trading arms (whether related or unrelated) which may be established in different countries for managing the export business.
Cold rolled flat products of stainless steel of width above 1250mm were being imported into India and thereafter were slit into flat sheets of lesser width, to avoid anti-dumping duty.
Article 19.1 of the WTO’s Dispute Settlement Understanding obliges the Member to amend or withdraw the duty, found to be inconsistent with any agreement.
India and the European Union have been negotiating a bilateral free trade agreement known as the Broad-based Trade and Investment Agreement (BTIA) since 2007, with the last round happening in 2013.
Among the plethora of trade related issues that may arise on the first day of Brexit, an important issue is that of the continuation of existing trade remedy measures by the EU.
A key feature of anti-dumping investigations is the protection available to commercially sensitive information that interested parties provide to an investigating authority, with the idea that such sensitive information should remain in the safe hands of the authority.
Recent Panel Report in Canada–Welded Pipe has reinforced the disciplines for applying “facts available” standard under the WTO Anti-dumping Agreement and has clarified the extent of analysis expected from investigating authorities while applying the standard.
With only two more ratifications pending, India’s Category A commitments submitted to the WTO at time of ratification of the Trade Facilitation Agreement, last year, would shortly become binding and enforceable.