Doha pact: India dares US on anti-dumping

While conceding that the earliest conclusion of the six-year-old Doha Round negotiations at the WTO would only be in 2009-10, India on Thursday, however, threatened that it would not support any agreement in the multilateral talks which allows “zeroing”, a US-backed rule which allows imposition of higher anti-dumping duties. India is backed by at least 15 other countries that all have said zeroing would help US enhance its protectionist tendencies. Anti-dumping duty is imposed by an importing country when it is found that the normal price of a product in the exporting country is higher that its export price. The duty imposed depends on damage suffered by the domestic industry due to the imported product.

The Financial Express
http://www.financialexpress.com/news/
Doha-pact-India-dares-US-on-antidumping/252582/