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UAE firms cleared over aluminium price dispute in India

Steel News - Published on Sun, 02 Nov 2014

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The UAE has said that Emirates Global Aluminum, the joint venture of Dubal and Emal, has been cleared after an investigation into the export of cheap aluminium products into India.

The UAE\'s Ministry of Economy has announced that it has successfully defended the position of UAE aluminum producers against accusations of unfairly undercutting Indian rivals.

As a result, Indian authorities\' investigation into the UAE\'s aluminum ingot exports to India without the imposition of any safeguard duty or compensation fees has been concluded without any penalties being imposed.

Mr Abdullah Sultan Al Shamsi, Assistant Undersecretary for Industry in the Ministry of Economy, said that the investigation had been launched in April due to Indian aluminum producers claims of sustaining great damages due to the increased imports of cheap aluminum ingots.

The Ministry of Economy said that it had held meetings with Emirates Global Aluminum (Dubal & Emal), the only producer of aluminum ingots in the UAE. The anti dumping department in the Ministry provided a number of technical and legal memoranda and supporting evidence to prove the claims do not adhere to legal requirements required by the World Trade Organisation agreement on safeguards.

Mr Al Shamsi stressed on the ministry\'s keenness to promote the export of the UAE\'s indigenous products in regional and global markets while addressing challenges such as the anti dumping investigations in certain countries.

Source – Arabian Business

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Posted By : admin on Sun, 02 Nov 2014
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