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News in Short

News in Short - 28-January-2022

India to probe China and Vietnam for dumping vinyl tiles

Date: 28 January 2022 Tags: Miscellaneous
  • India has initiated an anti-dumping probe against imports of a certain type of tiles, used for covering the floors in residential and commercial buildings, from China, Taiwan and Vietnam following a complaint by domestic players.
  • The Commerce Ministry’s investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of “vinyl tiles other than in roll or sheet form”.
  • If it is established that the dumping has caused material injury to the domestic players, the DGTR would recommend an anti-dumping duty on these imports.

PM Modi to host first India-Central Asia summit

Date: 28 January 2022 Tags: Miscellaneous
  • Prime Minister Narendra Modi will host the first India-Central Asia Summit to take ties to “newer heights”.
  • The virtual event will see the participation of Presidents of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan.
  • Apart from regional security and the Afghanistan issue, the key focus will be trade and connectivity, development partnership, culture, and people-to-people ties.

China offers aid to Central Asian countries

Date: 28 January 2022 Tags: Miscellaneous
  • China’s President Xi Jinping offered $500 million in assistance to the central Asia region and pledged to ramp up trade.
  • Mr. Xi’s virtual summit with five countries was held “to commemorate the 30th anniversary of the establishment of diplomatic relations”.
  • The Chinese President pledged to “import more quality goods and agricultural products from countries in the region” and “strive to increase the trade between the two sides to $70 billion by 2030”.

UK lifts restrictions

Date: 28 January 2022 Tags: Miscellaneous
  • UK lifted most of the Covid-19 related restrictions including mandatory face masks. This happened as government's vaccine booster rollout successfully reduced serious illness and COVID-19 hospitalisations.
  • The legal requirement for those infected to self-isolate for five full days remains, but measure will also end soon, to be replaced with advice and guidance for those infected to be cautious.
  • Health officials are planning a longer-term, post-pandemic strategy that treats Covid-19 more like the flu.