Are industries there crying for protection in the form of anti-dumping duties like Indian industry?
Kumar: China is very eager to adopt the WTO standards; but they have not totally committed to the jurisdiction of it. Thus their imports are still under some kind of barrier. Hence their anti-dumping duties are still not valid. Anti dumping is very much permissible under WTO, it is an antidote to protect our personal productivity. If some country is selling at a price which is not their real cost of production then the country where they are selling would always prefer to go for anti-dumping which is perfectly within the rules or guidelines of WTO. It is actually a safeguard measure for the country that is selling the product. Import cannot be terminated so one has to resort to anti-dumping. This is an oracle in the hands of the country concerned under WTO. Question: Is the coming of the privatised foreign companies, affecting the local players in any way? Is it hampering their business because they are trying to offer a cheap rate? Kumar: The basic concept of WTO is to make trade and
