Economy, Industry & Agriculture
The Hindu BusinessLine — Economy · 9 NovConsider the following statements regarding the anti-dumping duty framework in India and the WTO trade-remedy system:
Statements
- In India, the Directorate General of Trade Remedies (DGTR) under the commerce ministry conducts the investigation and makes a recommendation, but the authority to impose the final anti-dumping duty vests with the finance ministry.
- Under the WTO anti-dumping framework, a determination of 'material injury' to the domestic industry is a necessary condition for imposing definitive anti-dumping duties; a finding of dumping alone is insufficient to justify the measure.
- Anti-dumping duties imposed by WTO member states are in violation of the Most-Favoured-Nation (MFN) principle and are therefore subject to mandatory dispute settlement proceedings before the WTO Dispute Settlement Body.
Which of the statements given above is/are correct?