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MOEA cheers Indian court ruling in favor of Taiwan USB sales

MOEA cheers Indian court ruling in favor of Taiwan USB sales

Taipei, March 21 (CNA) The Ministry of Economic Affairs (MOEA) has hailed a ruling from the high court in Delhi in favor of Taiwan's USB flash drive exporters. The MOEA said that the high court's decision, issued earlier this week, effectively reversed a recommendation by the Indian Designated Authority (DA), working under the Directorate-General of Anti-dumping and Allied Duties at the Ministry of Commerce and Industry, to tax USB flash drive makers from Taiwan and China amid ongoing anti-dumping efforts. In the wake of the favorable court ruling, the MOEA said it will continue to help local exporters deal with tariff barriers or financial punishments through additional tariff charges, at a time when Taiwanese exporters are looking to claim a larger share of the global market. The Indian DA launched an investigation into USB flash drive imports from several countries, including Taiwan and China, in June 2013, amid concerns that these countries were selling their products at unfairly low prices in the Indian market. In a document issued in December 2014, the DA concluded that USB flash drives from Taiwan and China had been sold in India below their normal value, causing material damage in the Indian market. It recommended the imposition of a definitive anti-dumping duty equal to the lesser margin of dumping and the margin of injury, which was deemed to equal US$3.06 per unit exported from Taiwan and US$3.12 per unit exported from China. After the DA recommendation was made public, the MOEA invited local USB flash drive exporters, related industrial associations and government agencies to map out a strategy to tackle the possible imposition of anti-dumping tariffs. The ministry said that once such anti-dumping tariffs were imposed on Taiwan's exports, local USB flash drive firms would lose their competitive edge against rivals in the Indian market. The MOEA said that it had written to the Indian Ministry of Commerce and Industry arguing that the DA's investigation had failed to follow procedural justice, while consulting with lawyers in the U.S, India and the World Trade Organization (WTO) to pin down any argument in favor of Taiwan's exporters. According to statistics compiled by the Indian trade authorities, Taiwan sold about US$110 million worth of USB flash drive in 2014, accounting for 32.3 percent of the country's total USB flash drive imports. The ministry said that if India still imposes anti-dumping tariffs on Taiwan's USB flash drive exporters, it will probably seek relief under the WTO's trade dispute resolution mechanism. (By Huang Chiao-wen and Frances Huang)


Updated : 2021-04-13 21:29 GMT+08:00