The Milli Majlis will protect local producers

The Committee on Economic Policy of the  Milli Majlis has prepared a draft law "On anti-dumping, countervailing and protective measures." The document will be discussed at the next plenary session of Parliament, which, according to the plan will be held on 12 February. It involves the protection of local producers against dumping (very understated, with the aim of promoting the goods on the market) prices for imported goods.

According to the ideas of deputies, in the absence of similar products in the domestic turnover of the exporting country, or if the volume of sales of these products in the domestic market is less than 5% of the volume of its exports, the dumping margin will be determined by comparing the export price of products with the export price for these products to a third country.

If the sale of the product in the territory of the exporting country was carried out for at least six months in the amount constituting at least 20% of the volume, which allows to determine the normal value of the products, it is not the basis for determining the normal value of the product.

The influence of the dumped or subsidized imports on local production will be determined by the analysis of imports, its impact on the value of local products, the difference between the price of imported and local goods, the margin of dumping, and other indicators.

Measures against dumping prices can be applied only after careful study  two months after the beginning of the test. They can be used in the form of provisional anti-dumping or countervailing duties, as well as a cash deposit corresponding to the said duties. The term of application of these measures  is  from 4 to 9 months, but not more  than five months. --17D—