Home / Knowledge / News / Textiles / GPCA chief derides anti-dumping duty on polypropylene
GPCA chief derides anti-dumping duty on polypropylene
19
Oct '10
India's move of levying anti-dumping duty on polypropylene imports from Saudi Arabia and Oman is something never witnessed before and also contravenes the World Trade Organisation (WTO) rules and regulations, Abdulwahab Al-Sadoun, the Secretary General of the Gulf Petrochemicals and Chemicals Association (GPCA) said.

He said that, India's Ministry of Commerce and Industry while overlooking the feedstock cost borne by Saudi Arabia, has opted to devise its own set of approximations.

In spite of the fact that Saudi Arabia has a price mechanism that fully complies with the WTO rules and regulations, which was well established while admitting it to WTO in 2005, India has emerged with its own estimates which are pure exaggeration of the cost of production of polypropylene, the official said.

He further said that, such attitude of India has erroneously boosted up the actual price of feedstock, and that it is on the same approximations that the country has formulated its anti-dumping margins, he added. The Gulf Cooperation Council (GCC) would take necessary actions like referring the matter to WTO's dispute settlement machinery, to overcome the trade barrier.

The official asserted that, since India's estimation methodology was erroneous and violating the WTO Anti-Dumping Agreement and the WTO legislation on Prevention of Unfair Competition in Imports would thus be annulled by WTO's dispute settlement panel.

He underlined that the GCC region is no way involved in any sort of dumping activities either in India or elsewhere. Rather that, they are firmly inclined on enforcing their professional and moral obligations to the WTO and to whole of the world, he said.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search