TRADE BLOCKADE BY ANY MEANS
Article Abstract:
The latest goods to be added to the list of export commodities being banned by the European Union (EU) are crushed bone and ossein gelatine. These goods are subjected the risk-material- free clause. Consequently, these goods have to be certified free of the mad cow virus. This is expected to affect exports of around Rs1,000 crore as the bones are collected mostly from carcases all over India by the urorganised sector and supplied to the few units which churn and crush bone gelatine. As the direct supplies from abattoirs is very less, the certification becomes impossible. The other commodities on which EU has imposed duties include azo dyes in leather goods, child labour in carpet manufacture, salmonella in seafood and unbleached cotton fabrics. Most of the anti-dumping investigations are targeted at textiles, which account for nearly one-third of the exports to EU and the others are aimed at engineering goods and pharmaceuticals. Two products in these sectors - stainless steel bright bars and broad spectrum antibiotics - are being subjected to anti-dumping duty and anti-subsidy action. They have been slapped with a provisional countervailing duty of 3- 14.6 percent and 11-25 percent respectively. Exports of antibiotics to EU are estimated at $30-35 million and stainless steel bright bars exports at around $25 million. (gsh)
Comment:
EU: Latest goods to be added to list of export commodities being banned by European Union are crushed bone & ossein gelatine
Publication Name: BusinessWorld
Subject: Business, international
ISSN:
Year: 1998
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NEPC NOW FLYING LOW
Article Abstract:
NEPC group of Chennai which is engaged in diversified business has incurred a net loss of Rs12.93 crore in 1997-98 (net loss of Rs3.65 crore in 1996-97). Its turnover declined to Rs188 crore (Rs1,130 crore in 1995-96). The group owns nine Fokkers and one Boeing 737-200 aircraft. The total value of its aircraft is Rs110 crore. In order to improve its performance, the group plans to undertake restructuring. It plans to focus mainly on three areas of businesses - wind-energy, agro-products and textiles. It intends to exit from cement, aviation, paper and board and communications businesses. (gs)(vr)
Comment:
NEPC group of Chennai which is engaged in diversified business has incurred a net loss of Rs12.93 crore in 1997-98 (net loss of Rs3.65 crore in 1996-97).
Publication Name: BusinessWorld
Subject: Business, international
ISSN:
Year: 1999
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