New Delhi has launched an official investigation into imports of copper tubes and pipes that originate from Malaysia, Thailand and Vietnam. It goals to find out whether or not producers in these international locations had been receiving unfair subsidies.
In response to the Indian Ministry of Commerce, the probe, which shall be carried out by India’s Directorate Basic of Commerce Cures, may lead to these imports dealing with countervailing duties. The inspection covers imports shipped between April 1, 2019 and March 31, 2020.
“The Authority has additionally acquired the import information of customs of the topic items through the previous 4 years which point out elevated imports primarily from Malaysia, Thailand and Vietnam collectively account for greater than 90 p.c of whole imports of topic items,” the Ministry of Commerce stated.
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In the meantime, the Vietnamese Ministry of International Affairs advised Reuters that Vietnam strictly adhered to World Commerce Group (WTO) guidelines.
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“Commerce points between Vietnam and India ought to be thought of objectively, pretty and transparently in accordance with WTO guidelines, and bilateral and multilateral commerce agreements that the 2 international locations each joined,” stated a ministry spokeswoman.
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