Chinese silk firms to fight Indian anti-dumping

By agencies   |   Thursday, 26 May 2005, 07:00 Hrs
Printer Print Email Email
BEIJING:About 20 out of 100 top Chinese silk exporters have joined forces to jointly fight an Indian anti-dumping case worth $180 million, though their chances of winning the case was "slim," the state media reported today.

The 20 leading silk exporters, accounting for 80 percent of China's silk fabric exports to India, are going to fight an Indian anti-dumping case, 'China Daily' quoted an industrial official as saying in Hangzhou, capital of Zhejiang province in east China.

Representatives of the Chinese companies along with lawyers from three legal firms attended a meeting in Hangzhou to chalk out ways to counter the anti-dumping case against Chinese silk in India, Wang Yu, secretary-general of the China Chamber of Commerce for the Import and Export of Textiles, a major association for Chinese textile exporters, said.

The meeting was a platform for the companies to communicate with the law firms. More than 30 attended, and about 20 have shown their willingness to fight, Wang said adding Chinese companies still have about one month to complete their response.

The Chamber of Commerce will lead the challenge on whether or not the Chinese exports damaged Indian industry, Wang said.

Selling under the normal value and damage of the industry are two elements in deciding an anti-dumping case, the official newspaper noted.

GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..