effectively implemented, which included the anti-dumping law, subsidies and countervailing law and safeguard measures to ensure growth of the domestic industry, support the manufacturing sector and obstruct unfair trade practices in imports.
He said the budget compilation process was currently underway at the NTC, which was receiving proposals from various stakeholders, yet he felt it necessary to visit the KCCI for having face-to-face interaction with the business community to discuss and better understand their tariffs-related challenges and seek suggestions.
Answering a query, the NTC chairman said “once a case has been approved by the NTC, it leads to the imposition of anti-dumping duty for a period of five years, which may vary from 5% to 60% and discourages imports of any specific product to support the domestic industry.”
“Similar is the case with the countervailing measures as they are also imposed for a period of five years,” he said, adding that thanks to the NTC’s anti-dumping and countervailing laws, several businesses had registered good growth.
After listening to the hardships being faced by representatives of the paper and packaging industry, yarn merchants, automobile industry and others, he advised them to sit with the NTC team in Islamabad to minutely discuss all the issues arising due to unfair tariffs so those could be reviewed and relief could be provided, wherever needed.
Published in The Express Tribune, April 23rd, 2024.
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