Copper, paperboard, RBD imports to decline on stringent 'rules of origin'

In Budget 2020, FM emphasised the need to strengthen 'rules of origin' under the FTA to curb import from non-producing (trading) countries

India’s imports of copper, RBD (refined, bleached and deodorised) palmolein, paper and paperboard are likely to decline in the coming quarters due to stringent norms being put in place on the ‘rules of origin’ to check undue dumping of these commodities under Free Trade Agreements (FTAs) from non-producing countries.

Sharp increases in the import of copper, RBD palmolein, paper and paperboards either at ‘nil’ or ‘preferential’ lower customs duty have been hurting local producers. Indian manufacturers have repeatedly urged the government to curb entry of these commodities from non-producing countries at lower duties.

Like developed countries, India encourages trade with