Understanding and application of trade defense laws according to international commitments is important to protect nascent domestic industry against unfair trade practices; this was the message given by Mr. Farooq Iftikhar President Lahore Chamber while addressing the closing ceremony of a two days training course on Trade Remedies at Lahore.
The two days training course on Trade Remedies was organized on 02-03 July at Lahore Chamber of Commerce and Industry by the International Trade Centre (ITC) in association with PITAD, Punjab Department of Industries, Commerce and Investment and the Lahore Chamber under the EU-funded Trade Related Technical Assistance (TRTA II) programme.
The training was delivered by master trainer Ms. Maliha Quddus who was supported by her mentor Dr. Gustav Brink from the Switzerland based World Trade Institute (WTI) through video conference. Mr. Imran Zia Director National Tariff Commission (NTC) also delivered lectures on some important aspects of trade defence laws and the functions of NTC.
The purpose of the training course was to build the capacity of the officers working in various ministries and government departments regarding the importance of Trade defense laws. The training focused at the importance and basic provisions of the three trade defense laws which include antidumping duties agreement, Subsidies and Countervailing duties agreement and the Safeguard Agreement. The situation in which these agreements could be invoked and the procedures which should be adopted while filing applications against dumping, subsidies and the excessive imports threatening domestic industry, were be particularly covered.
More than sixty government officers and researchers from federal government ministries, implementing agencies, provincial departments and research organizations as well as businessmen from Lahore Chamber of Commerce participated in the training to strengthen their capacity regarding trade remedies.