Even though India accounts for only one percent of global exports, its is subject to 4% of the total anti-dumping actions initiated across the world. According to the latest data available with the government, out of the 2,938 anti-dumping actions initiated between January 1995 and June, 2006, India faced 124 investigations. An anti-dumping investigation is initiated when the domestic industry complains to the government about injury being caused to it because of cheap imports. The government then initiates a probe, based on the facts submitted by the domestic industry to the imported product. If it is found that the imported product is causing injury to the domestic industry, the government can initiate antidumping measures against it, which includes imposing of extra duty. At the recent trade policy review meeting on India at the World Trade Organisation headquarters in Geneva, the country pointed out that of the 124 anti-dumping investigations against it, measures were introduced in 69 cases, which lead to considerable loss of trade. According to Ajay Sahai, director general, Federation of Indian Exporters, the range of anti-dumping duty on Indian exports range from 5% to 20%. "The European Union tops the list with around 11 anti-dumping cases against Indian exports, followed by the United States, South Africa and Canada," he added. India has also been an active user of anti dumping measures and latest figures point out towards more than 440 investigations, which were launched by the country. "We should not go by numbers as the impact of the anti dumping measures initiated against India is much higher than the ones initiated by India," said Neeraj Varshney, an anti-dumping expert. |