Sat, 04 Feb 2023 Today's Paper

Anti-dumping Bill to be presented to parliament

7 October 2015 03:23 am - 0     - {{hitsCtrl.values.hits}}

A A A

By Chandeepa Wettasinghe
A finalized draft of the Countervailing Duties and Safeguards Bill will be forwarded for Parliamentary consideration soon, a high-level bureaucrat said. “The countervailing duties and safeguards legislation which the Department of Commerce has finalized will go through the parliamentary process,” Commerce Department Director General Sonali Wijeratne said.

She noted that this anti-dumping measure would strengthen both the offensive and defensive trade lines of the country.
She noted that this anti-dumping measure would strengthen both the offensive and defensive trade lines of the country. A similar Bill was forwarded to parliament in 2006, but was rejected, which was surprising given the protectionist measures taken by the past regime. Protectionism ensures that consumers pay higher at times for sub-par products, since the country’s industries gets secluded from the high-tech competitiveness present in the world at large. But many local industries are of the view that Sri Lanka requires strong anti dumping laws to protect the domestic industries. The international law on anti-dumping was drafted primarily by Americans and Europeans. Most of the emerging economies like India, Brazil and China are already practicing it with the view of protecting local industries.  Both President Maithripala Sirisena and Finance Minister Ravi Karunanayake recently said that consumers must be placed above the industries, and that huge import duties will be removed to give consumers high quality products at lower prices.
 

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Pain and punishment

Should we spare the rod and spoil the child? Does it really happen? Children

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and

Canada’s targeted sanctioning of Gota and Mahinda

History was made last week when two former executive presidents of Sri Lanka

SC judgement on Easter attack: Court rules negligence stood in the way of avoiding most heinous crime

“On the ill-fated day of 21st of April 2019, this island home was awoken ru