CHINESE EXPORTERS OF SILK DISCUSS Countermeasures against Indian anti-dumping duties
Nearly 20 leading exporting companies of Chinese silk, which crouches 80% of its exports to India, discuss countermeasures against anti-dumping duties, which will be introduced in India, said the industry representative in Ganja, the capital of Zhejiang province, in the east of China. Mr. Wang Yu (Wang Yu), General Secretary of the Chinese Chamber of Commerce for Import and Export of textiles, reported that representatives of Chinese companies to discuss ways out of the situation as possible with the introduction of anti-dumping law in India, with three lawyers, law firms at a meeting held in ganja. Mr.
Wang said that this problem affects almost 100 Chinese exporters of silk goods worth 180 million U.S. dollars. Chinese companies have remained about one month to make a final strategy. The Chamber of Commerce will consider the question of how to produce undermining the Indian market Chinese export products. Mr.
Bimal Ma Wangdui (Bimal Mawandia), Chairman of the Indian Silk Export Council, explained that the decision to impose anti-dumping duties on imports of silk expressed in higher raw material costs for exporters. Mr. Xing Lu (Lu Xing), Deputy General Manager of the company #39;Cathaya International Holding Co#39;, concluded that the main task of the group - to try to persuade India not to impose anti-dumping duty.
