[dropcap color=”#008040″ boxed=”yes” boxed_radius=”8px” class=”” id=””]C[/dropcap]hina is highly concerned with Indian trade remedy measures against Chinese steel products, the Ministry of Commerce said on Monday.
The Indian government has launched an anti-dumping investigation into color-coated steel sheets imported from China. It is the fifth such probe against China from India this year, the highest record among WTO members, according to a statement on the ministry’s website.
Countries have realized that global steel industry is experiencing difficulties due to sluggish economic growth and weak demand, but abuse of trade remedy measures would not help resolve industrial overcapacity, but hamper normal trade, the statement said.
” China and India have broad room for cooperation in the industry, the ministry said, adding that it is hoped that the two countries can seek common development through trade, investment and technological cooperation and properly handle trade frictions.
The ministry said it hoped the Indian government could conduct a fair and transparent investigation in line with WTO rules, and refrain from trade remedy measures.
Notes:
1. Xinhua
(This story has not been edited by PGurus.com and is auto–generated from a syndicated feed we subscribe to.)
DK Shivakumar's video slapping party worker goes viral, BJP attacks Congress Karnataka Congress chief D…
'Was pushed, locked in Congress office room': Radhika Khera after resigning A few days after…
Samajwadi Party workers climbed onto Maharana Pratap’s statue Trouble brews for the Samajwadi Party as…
Rahul Gandhi picks Rae Bareli For a composer, Ra Ra Ra…may be a lyric but…
Manhunt on at Poonch to neutralize terrorists after attack on IAF convoy On Sunday, the…
One IAF personnel 'killed in action' and four others received bullet injuries One Indian Air…
This website uses cookies.