Copper slips to its 20-months low price Photograph:( Reuters )
The investigation by India's Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties
India is investigating imports of copper tubes and pipes from Malaysia, Vietnam and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said.
The investigation by India's Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties.
The probe covers imports shipped between April 1, 2019 and March 31, 2020.
"The Authority has also received the import data of customs of the subject goods during the past four years which indicate increased imports mainly from Malaysia, Thailand and Vietnam collectively account for more than 90% of total imports of subject goods," the circular said.
In a statement to Reuters, the Vietnamese foreign ministry said Vietnam strictly adhered to World Trade Organization (WTO) rules.
"Trade issues between Vietnam and India should be considered objectively, fairly and transparently in accordance with WTO rules, and bilateral and multilateral trade agreements that the two countries both joined," the ministry's spokeswoman said in the statement.
Calls to two Vietnam-based companies named in the Indian investigation were not answered.