Abu Dhabi: The Ministry of Economy announced on Sunday that following Indian authorities’ investigation into the UAE’s aluminium ingot exports to India will not result in the imposition of any duty or tariff.
Abdullah Sultan Al Shamsi, Assistant Under-Secretary for Industry in the Ministry of Economy, said that the Indian government initiated its investigation this year on April 7, into imports of “not alloyed ingots of unwrought aluminum”. The investigation was launched due to Indian aluminum producers’ claims of economic harm due to the increased imports of cheap aluminum ingots.
Since the start of the investigation, the Ministry has held meetings with Emirates Global Aluminum (Dubal and Emal), the only producer of aluminum ingots in the UAE. The ministry reviewed information and provided help defending aluminium producers to Indian authorities.
Al Shamsi said that during 2014, the Ministry was able help other industries in similar ways. In April 2014, the Taiwanese authorities ended a safeguard duty investigation into high density polyethylene (HDPE) imports from the UAE, and during July 2014, the Ministry of Industry and Trade in Egypt ended an investigation into polyethylene terephthalate (PET) from the UAE.
He said the Ministry continues to step-up its efforts to fight dumping — the mass export of goods at prices below market — and protective tariff cases that target exports from the UAE.
Al Shamsi stressed the Ministry’s keenness to promote the export of UAE indigenous products in regional and global markets while addressing challenges such as the anti-dumping investigations in certain countries that target some of the nation’s exports and products. He pointed out that most of these investigations are unjustified and have no legal grounds, and only aim to obstruct access to the UAE’s high-quality and competitive products.