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View all search resultsIndonesia’s Trade Ministry says it will carefully “monitor” Malaysia’s antidumping duty imposed on Indonesian plastic goods and may bring the matter to the World Trade Organization (WTO) “if necessary”, while experts urge swift action to protect domestic industries.
India meets nearly two-thirds of its vegetable oil demand through imports, with palm oil mainly bought from Indonesia, Malaysia and Thailand, while soyoil and sunflower oil imported from Argentina, Brazil, Russia and Ukraine.
The government has softened its rhetoric after threatening to impose antidumping tariffs of 200 percent on imported ceramic products, but after a probe ended earlier this month, it remains unclear which importers will be subject to which tariffs.
The Trade Ministry says it will conduct a wide-ranging investigation into seven industries that have suffered heavy job losses in recent months, including textiles and apparel, before making any decision on possible protective tariffs.
The Industry Ministry continues to point to a recent Trade Ministry regulation for the country’s weakening manufacturing PMI, even as other Asian peers saw stronger performance in the May-June period.
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