DGS MOOTS 20 PERCENT DUTY ON FSP IMPORTS

Article Abstract:

The Directorate General of Safeguard (DGS) has recommended a safeguard duty of 20 percent on the imports of flexible slabstock polyol, which is used in the manufacture of foam. This recommendation has been made under the provisions of the World Trade Organisation to give time-bound protection to domestic manufacturers from imports. The DGS has recommended that a duty of 20 percent should be levied for the first 12 months and reduced to 5 percent for the next six months. This will give a 55 percent level of protection in the first year and 40 percent in the next six months. (khr) >PG 10 >AB Easy liquidity helped call rates close at 8-8.10 percent at the interbank call money market on October 5, 1998. The Reserve Bank of India's three-day fixed rate repo also mobilised Rs1186 crore at 8 percent. The Reuters Mumbai interbank overnight average MIBR closed at 8.06 percent on October 5, 1998. (khr)

International economic relations, Plastics Material and Resin Manufacturing, Taxes, Polyolefin Resins, Polyolefins

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ANTI-DUMPING CHARGE FILED AGAINST INDIAN STEEL

Article Abstract:

Eurofer, a European steel producers' group, has filed an anti- dumping complaint with the European Commission against imports of quarto-plate of unalloyed steel from India, China, Macedonia and Romania. The group wants provisional anti-dumping duties on the imports and the Commission has 45 days to decide whether to investigate the imports. The group claims that imports of quarto- plate from the four countries had increased by 64 percent in 1998 and their producers were undercutting European prices by up to 41 percent and this was causing serious injury to European producers. (khr)

Comment:

Eurofer, a European steel producers' group, has filed an anti- dumping complaint with the European Commission against imports of quarto-plate of unalloyed steel from India, China, Macedonia and Romania.

China, Iron and Steel Mills, Foreign trade, European Union, Romania, Carbon Steel, Macedonia

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