Current Affairs - Miscellaneous - Discussion

Discussion :: Miscellaneous - Latest Current Affairs (Q.No.847)

847. 

This ministry imposed an anti-dumping duty for 18 months on a Chinese synthetic rubber, recently.

[A]. Ministry of Micro, Small and Medium Enterprises
[B]. Ministry of Agriculture and Farmers' Welfare
[C]. Ministry of External Affairs
[D]. Ministry of Commerce and Industry

Answer: Option D

Explanation:

The Ministry of Commerce and Industry, Government of India, is mulling to impose anti-dumping duty for 18 months on a Chinese synthetic rubber 'fluoroelastomers' used in automobile and other industries in order to minimize the impact of dumped imports. The proposal in this regard was considered after the investigative arm of Commerce ministry, Directorate General of Trade Remedies (DGTR) initiated the probe in January 2018 following a complaint from Gujarat Fluor chemicals which alleged dumping of the product. The DGTR said that the product has been exported to India from China at below its normal value, which has resulted in dumping and recommended a duty which ranges between $0.078 -$7.31 per kilogram. The final decision to impose the duty would be taken by Ministry of Finance. The duty which is imposed under the under the multilateral regime of World Trade Organization (WTO) is aimed at ensuring fair trading practises and creating a level-playing field for domestic producers with regard to foreign producers and exporters.

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