In the context of India refusing Market Economy Status to China, consider the following statements 1. Under WTO norms, once a country gets MES status, exports from it are to be accepted at the production costs and selling price as the benchmark. 2. MES st

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Q: 11 (Current Affairs-NOV/2016)
In the context of India refusing Market Economy Status to China, consider the following statements
1. Under WTO norms, once a country gets MES status, exports from it are to be accepted at the production costs and selling price as the benchmark.
2. MES status to China, will severely limit India’s ability to resort to anti-dumping on cheap imports from China.
3. It will have negative impact on India’s manufacturers in chemicals, steel, electrical and electronics sectors as they will be severely hurt by unfairly low-priced imports from China.
Which of the above statements is/are not correct?

question_subject: 

Economics

stats: 

0,37,76,10,7,59,37

keywords: 

{'market economy status': [0, 0, 0, 1], 'exports': [0, 0, 2, 1], 'wto norms': [0, 0, 0, 1], 'mes status': [0, 0, 0, 1], 'cheap imports': [0, 0, 0, 1], 'imports': [0, 0, 0, 1], 'electronics sectors': [0, 0, 0, 1], 'india': [8, 1, 7, 13], 'production costs': [0, 0, 0, 1], 'negative impact': [0, 0, 0, 1], 'china': [1, 0, 1, 2], 'manufacturers': [0, 0, 1, 3]}