India on Friday denied the claim made by a꧒ Chinese daily about the fresh anti-dumping duties on the✱ Chinese products saying no such steps have been taken till now.
Earlier, a report in the state-run China Daily to🌳day said that India would this month impose anti-dumping duties on 93 products imported from 🗹China.
"Some recent media reports have mentioned that the Governme💦nt of India♌ is planning to impose anti-dumping duty on 93 products from China. These reports are factually incorrect," the Indian Embassy here said in a statement.
The c💖urrent situation is that anti-dumping duty is already in force on 93 products from China comprising of chemicals and petrochemicals, products of st🌌eel and other metals, fibres and yarn, machinery items, rubber or plastic products, electric and electronic items, consumer goods among others, it said.
T♊he decision to impose anti-dumping duties on these 93 products originating in Chinaღ were taken over a course of previous five years, it said.
Ministry of Commerce said on Wednesday that India should refrain from abusing trade🍸 remedy measures, which would disrupt economic cooperation and bilateral trade relations.
According to the ministry, India has launched 212 investigations against Chinese products since 1994 and 93 of them are s✱till in progress.
So far this year, 13 investigations have bee🧸n initiated, the China Daily quoted the mini𒐪stry as saying.
The report said that India overtook the US in the first half of this year with tꦐhe most trade remedy investigations against China.
China is paying close attention to trade investigations and hopes India would carry them outꦕ in a prudent way based on relevant regulations, Commerce Ministry spokesman Gao Feng was quoted as🌃 saying by the Daily.
";China and India are both BRICS (Brazil, Russia, India, China and South Africa) members with 🔴vast cooperation opportunities and should jointly maintain a free and open multilateral trading system," Gao said.
"In🎃stead of resorting to trade remedy measures and disrupting trade orders, the two countries can settle trade disputes through consultation and realise a win-win situation through expanded economic and trade cooperation," he said.
Last month Minister of State for Commerce and Industry Nirmala Sitharaman, who took part in the BRICS Commerce Ministers meeting in Shangha🤡i, held "candid" talks with her Chinese counterpart Zhong Shan over the ballooning bilateral trade deficit which had crossed over USD 52 billion.
"The two Ministers exchanged views, in a candid manner, on further development of a strong, balanced and sustainable trade and investment partnership between India and China," the Indian Consulate in Shanghaꦚi had said in a statement.
Sitharaman, in particular, sought the assistance of Chinese Commerce Ministry in reducing the trade deficit, facilitating greater market access and for providing a level- playing field for Indian IT, pharmaceutical𒊎s and agro products in China, it said.
India's trade deficit with China in 2015-16 swelled to USD 52.68 billion, which accꦏording to Indian officials has bec💃ome unsustainable.
