Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Bill on Anti-Dumping and Countervailing Duty Draws Mixed Reaction

  1 min 31 sec to read
Bill on Anti-Dumping and Countervailing Duty  Draws Mixed Reaction
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

March 4: Entrepreneurs and stakeholders have given mixed reaction to the bill related to anti-dumping and countervailing duty registered by the government at parliament. Welcoming the bill, they have however expressed concern that the bill should not be used to collect extra revenue.

Shekhar Golchha, senior vice president of the Federation of Nepalese Chambers of Commerce and Industries, welcomed the new bill saying, “It is a good initiative for the government to draft the bill with the intention of stopping the import of unnecessary goods. But the important thing is to see how the government implements it.”

He was cautious that the government might use this bill for generating revenue just like it did with the misuse of some other bills.

“Our major concern is to see if the government uses this bill also to generate revenue,” he added.

According to Golchha, entrepreneurs had long been demanding such bill to discourage dumping.

President of the Confederation of Nepalese Industries, Hari Bhakta Sharma, opined that the domestic industries were at the receiving end due to the lack of laws to protect the market from dumping.

“The country should not always remain import-oriented. We had been demanding the need to develop entrepreneurship within our country. Foreigners have been selling their products unabated in our country. This bill has provisions to promote the domestic industries and to discourage import,” he said.

Meanwhile, Kamlesh Agrawal, vice president of Nepal Chamber of Commerce, said that the government should not restrict the rights of the consumers in the name of protecting domestic industries. He also said that the bill should not be used as a means to collect revenue.

 

 

 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.