EU starts antidumping proceedings against India
The European Union has lost patience with India over that country's anti-dumping policies and has launched disputes proceedings at the World Trade Organisation on the matter.
The European Union has lost patience with India over that country's anti-dumping policies and has launched disputes proceedings at the World Trade Organisation on the matter.
The European Commission says EU exporters have lost around €70m in exports, notably in the vitamin sector of the pharmaceutical industry, 'but even more important is that India is misusing the anti-dumping instrument to prevent foreign firms from making a way into the Indian market,' it adds.
Specifically the EU charges India with 'poor justification for the imposition of measures and the lack of evidence linking EU exports to the harm caused to the Indian domestic industry.' Pharmaceutical products affected by the Indian policies include vitamins A Palmitate, AB2D3K, AD3 and C.