"Chinese Taipei notified the WTO Secretariat on 24 September 2015 of a request for consultations with India regarding anti-dumping duties imposed by India on USB flash drives imported from Chinese Taipei," WTO said today.
    
On May 22, India had imposed anti-dumping duty on the imports of 'USB Flash Drives' from China and Chinese Taipei (USD 3.06, USD 3.12 apiece). The duty is for five years.
    
The request for consultations formally initiates a dispute in the WTO. Consultations give the parties an opportunity to discuss the matter and to find a satisfactory solution without proceeding further with litigation.
    
After 60 days, if consultations have failed to resolve the dispute, the complainant may request adjudication by a panel. USB Flash Drives in the market parlance are also known by various other names such as pendrive, keychain drives, key drives, USB sticks, flash sticks, jump sticks, USB keys or memory keys.
    
The Central Board of Excise and Customs (CBEC) in the Finance Ministry had imposed the anti-dumping duty on recommendations of Directorate General of Anti-Dumping & Allied Duties (DGAD).
    
Storage Media Products Manufacturers and Marketers Welfare Association on behalf of Moser Baer, the sole producer of the product in India, had moved the DGAD for imposition of the duty to protect the domestic industry from cheap imports.
    
Countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below-cost imports. As a counter-measure, they impose duties under the multilateral WTO regime.

 

Latest News  from Business News Desk