Busi­ness com­mu­nity urged to be fully aware of WTO norms

The Pak Banker - - COMPANIES/BOSS -

The busi­ness com­mu­nity must be fully aware of World Trade Or­gan­i­sa­tion ( WTO) rules and equipped with var­i­ous in­stru­ments avail­able to safe­guard their busi­ness in­ter­ests.

This was the crux of the pre­sen­ta­tions and speeches de­liv­ered at a sem­i­nar on “Trade De­fence In­stru­ments and Level-play­ing” or­gan­ised by the La­hore Cham­ber of Com­merce and In­dus­try (LCCI) in col­lab­o­ra­tion with WTO Cell of the pro­vin­cial In­dus­try De­part­ment.

The sem­i­nar, presided over by the LCCI Se­nior Vice Pres­i­dent Ir­fan Iqbal Sheikh, was also ad­dressed by the Sec­re­tary In­dus­tries Dr Shu­jaat Ali, Nasir Rafique, Chief WTO, IC&I De­part­ment, Di­rec­tor Gen­eral Na­tional Tar­iff Com­mis­sion (NTC) Ab­dul Khaliq, Deputy Di­rec­tor NTC Muham­mad Ar­shad and Con­vener LCCI Stand­ing Com­mit­tee on WTO Jamil A. Naz.

The Sec­re­tary In­dus­tries Dr Shu­jat Ali said that trade and com­merce plays piv­otal role in eco­nom­ics devel­op­ment of a coun­try and is rightly con­sid­ered as en­gine of eco­nomic growth. He pointed out that in the present sce­nario, un­fair trade prac­tices have in­creased con­sid­er­ably and to counter such prac­tices, pro­vi­sion of laws un­der WTO agree­ment should be fol­lowed in let­ter and spirit.

LCCI Se­nior Vice Pres­i­dent Ir­fan Iqbal Sheikh said that it is prime re­spon­si­bil­ity of the government to en­sure that domestic in­dus­try should sur­vive at ev­ery cost. There­fore, all such prac­tices that go against domestic in­dus­try must be checked at ini­tial stages with the help of var­i­ous ex­emp­tions pro­vided by WTO. He said that the La­hore Cham­ber of Com­merce and In­dus­try would con­tinue to ex­tend co­op­er­a­tion to all stake­hold­ers for so­lu­tion of prob­lems be­ing faced by the lo­cal/domestic in­dus­try in present era. He was of the view that due to re­duc­tion in tar­iff, domestic in­dus­try is fac­ing in­creased com­pe­ti­tion from im­ports and they should pre­pare them­selves to counter th­ese prob­lems with knowl­edge and unity.

Ab­dul Khaliq,

DG Na­tional Tar­iff Com­mis­sion (NTC) in­formed that NTC was es­tab­lished in 1990 un­der the Na­tional Tar­iff Com­mis­sion Act, 1990. NTC has man­date to ad­vise the government on mat­ters re­lat­ing to pro­tec­tion and as­sis­tance to domestic in­dus­try and pro­mot­ing ex­port from Pak­istan. He fur­ther in­formed that suf­fi­cient leg­is­la­tion had al­ready been made by the Pak­istan to pro­vide max­i­mum safe­guard to domestic in­dus­try.

Muham­mad Ar­shad, Deputy Di­rec­tor, NTC threw light on “Anti-dump­ing du­ties Or­di­nance, 2000” and “Coun­ter­vail­ing du­ties Or­di­nance 2001” that have been framed by the government to pro­tect lo­cal in­dus­try from un­fair trade by the ex­porters. He in­formed that anti-dumpt­ing ap­pli­ca­tion is pro­cessed within pe­riod of 12th months and pro­vin­cial anti-dump­ing duty can be im­posed af­ter sixty days of ini­ti­a­tion of the in­ves­ti­ga­tion. This duty may be im­posed for a pe­riod which may be ex­tended up to five years. More­over, pre ap­pli­ca­tion coun­sel­ing sec­tion of NTC is also avail­able for guid­ance and as­sis­tance in this re­gard.

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