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TDW intervenes to reduce countervailing duties on Indian exports

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New Delhi | Tuesday, 2022 2:15:08 AM IST
A Countervailing Duty (CVD) administrative review conducted by the US for 2019 against export of polyethylene terephthalate film, sheet, and strip from India led to a preliminary duty of 2.82 per cent imposed as against 11.67 per cent in 2018, and a CVD investigation by the European Commission against export of stainless-steel cold rolled products resulted in imposition of duty margin as low as 0.45 per cent.

Both outcomes were due to the intervention of India's Trade Defence Wing (TDW).

Established in 2016, the TDW has been the nodal point for extending support and defending the interests of Indian exporters in investigations undertaken by other countries against India. It coordinates with various departments of the Central as well as the state governments and presents India's defence. Consultations with investigating authorities of other countries, particularly US and EU authorities, are regularly held to explain, reiterate and drive home the standpoint of the Indian government.

To address the needs of Indian exporters, the Directorate General of Trade Remedies (DGTR), besides conducting investigations against dumped and subsidised imports from other countries, also protects the interests of Indian exporters in investigations conducted by other countries against Indian exports through the TDW.

It has been constantly striving to ensure that minimal or no trade remedial measure is applied on Indian goods by other countries.

Its sustained efforts are reflected in the fact that in majority of the preliminary and final findings issued during April-December 2021, by other authorities on CVD investigations/reviews conducted on the exports from India, minimal duty rates ranging from 3-6 per cent have only been imposed.

--IANS nimish/vd

( 279 Words)

2022-01-24-20:08:02 (IANS)

 
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