The Ministry of Commerce has issued a notification for a unified Directorate General of Trade Remedies (DGTR).
Directorate General of Trade Remedies
Who is the Union Minister of Commerce and Industry?
Suresh Prabhu
DGTR would subsume which three organizations?
DGAD, DGS and DGFT
- This approval was made by the Union Minister of Commerce and Industry Suresh Prabhu.
- It would subsume the functions of the following and would merge them into one single entity-
- Directorate General of Anti-dumping and Allied duties (DGAD)
- Directorate General of Safeguards (DGS)
- Directorate General of Foreign Trade (DGFT)
- It would provide trade defence support to domestic industry and to exporters in trade remedy investigations instituted by other countries.
- It aims to boost trade facilitation in the country.
- The Directorate General of Trade Remedies (DGTR) will be the apex National Authority for managing all trade remedial measures including anti-dumping, countervailing duties and safeguard measures.
- It will be a multi service organization that will define the skill-sets of various officers from the field of international trade, customs, revenue, finance, economics, costing and law.
- It has been approved with a sanctioned strength of 112 posts drawn from DGAD, DGS and DGFT.
- In the past three years India has initiated more than 130 anti-dumping cases to deal with the rising incidences of unfair trade practices.
Expected Questions
What does DGTR stands for?Directorate General of Trade Remedies
Who is the Union Minister of Commerce and Industry?
Suresh Prabhu
DGTR would subsume which three organizations?
DGAD, DGS and DGFT
