Friday 23 June 2017 - 12:39 pm

Sun 08-01-2017 15:09 PM

FNC to discuss federal anti-dumping bill

ABU DHABI, 8th January, 2017 (WAM)-- A federal bill on anti-dumping actions and compensatory and preventive measures will be discussed by the Federal National Council, FNC, on Tuesday.

Comprising 22 articles, the proposed law seeks to combat harmful practices in international trade damaging national industries, and promote fair competition between domestically-made products and imported low-priced goods that are unfairly benefiting from foreign states' support.

It also seeks to remove the impact of unfair competition and increase the country's financial income by imposing anti-dumping and customs duties on imports supported by exporting countries.

National products are facing competition from imported products preferred by some consumers, FNC said.

The discussions will take place in the fifth session of the FNC's 16th legislative chapter.

WAM/MMYS