SME Times News Bureau | 17 May, 2018
Commerce
Minister Suresh
Prabhu on
Thursday approved
creation
of DGTR in Department of Commerce, which
will be the apex National Authority for administering all trade
remedial measures including anti-dumping, countervailing duties and
safeguard measures.
The
DGTR will bring Directorate General of Anti-dumping and Allied duties
(DGAD), Directorate General of Safeguards (DGS) and Safeguards (QR)
functions of DGFT into its fold by merging them into one single
national entity.
It
will also provide trade defence support to our domestic industry and
exporters in dealing with increasing instances of trade remedy
investigations instituted against them by other countries.
In
the last three years, India initiated more than 130
anti-dumping/countervailing duty/safeguard cases to deal with the
rising incidences of unfair trade practices and to provide a level
playing field to the domestic industry.
Prabhu
expressed satisfaction over creation of DGTR, an issue pending since
1997, and has termed it to be manifestation of vision of Prime
Minister to provide a level playing field to our domestic industry.