Market Economy Status for China – Indian Impact

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www.ambitionias.com
  • India’s Commerce Ministry is assessing the implications of the likelihood of China being granted “Market Economy Status” (MES) from December this year.
  • India has been using ‘anti-dumping’ extensively to offset the losses of local manufacturers due to dumping.
  • Once China is granted MES, it will severely limit India's ability to resort to anti-dumping as the selling price in China will be accepted as the benchmark.
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