Islamabad, May 22, 2012 (PPI-OT): There is an urgent need for an unambiguous policy on tariff protection of domestic industry, and any protective measures undertaken by the Government should not be indefinitely in place for the foreseeable future. Rather, there should be a standard policy to phase out protection as the infant industry improves its capabilities.
This was stated by Prince Abbas Khan, Chairman of the National Tariff Commission (NTC) of the Government of Pakistan, during a seminar organized by NTC and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) about the legal and procedural aspects of trade defence laws at Federation House, Karachi. He was accompanied by Mr. Zamir Ahmed, Member NTC and Mr. Imran Zia, Director NTC during his visit.
While welcoming the NTC delegates at the seminar, Acting President-FPCCI, Sheikh Shakil Ahmed Dhingra lauded the important role played by NTC, but said that there was still room for improvement in its working in order to make the institution a more effective forum.
A large number of members from the business community attended the seminar, including FPCCI Vice President Mr. Iqbal Dawood Pakwalla, Mr. Abdul Hafeez Muhammad, Mr. Shahid Ahmed Khan, Mr. Asghar Morawalla, Mr. Sohail Nisar and Mr. Pervaiz Tufail, among others.
The NTC team informed the participants that WTO rules provide protection to domestic industry against unfair practices, such as dumping and subsidies. Under Pakistan’s trade defence laws, NTC is empowered to impose antidumping or anti-countervailing duties, if it is established that the dumped or subsidized imports have caused material injury to the domestic industry producing a similar product in Pakistan.
The seminar was very interactive, and several questions were raised during the course of the presentation about matters such as smuggling on the western border, trade liberalization with India, tariff rationalization, and industrial lobbies. In this regard, the NTC Chairman clarified that NTC makes all decisions independent of any external pressure from either the Government or industrial lobbies.
The seminar was concluded with presentation of the FPCCI Crest by Mr. Dhingra to Prince Abbas Khan.
For more information, contact:
Syed Masood Alam Rizvi
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332