A dedicated panel of lawyers is seen as crucial in view of various forms of support as also trade protectionist measures being adopted by many countries for local manufacturers, the official said.
Remedial trade measures available to address trade distortions to the domestic industry include anti-dumping duty, countervailing duty and measures including safeguard duties and quantitative restrictions. India’s trade deficit was $106.84 billion in the April-November period in the financial year. Typically, MSMEs find engaging lawyers to fight such cases a costly and complex affair.
“The main problem is that MSMEs take time to realise that dumping or import surge has happened and they are not prepared. This is a good move as trade remedial actions are costly, especially for small players who are not organised,” said Ajay Sahai, director general, Federation of Indian Export Organisations. The Directorate General of Trade Remedies (DGTR) has already taken various measures to protect domestic industry from unfair trade practices.