India imposed anti-dumping duties on five Chinese goods to protect domestic manufacturers from unfair competition. The Directorate General of Trade Remedies (DGTR) recommended these under WTO rules. With a trade deficit of $85 billion in 2023-24, India uses such measures to counter below-cost imports and support local industries.
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Indian Government has imposed anti-dumping duty on Chinese goods.
India imposed anti-dumping duties on five Chinese goods; vacuum flasks, aluminium foil, Soft Ferrite Cores, Trichloro Isocyanuric Acid, and Poly Vinyl Chloride (PVC) Paste Resin, to protect domestic manufacturers from unfair competition caused by below-normal priced imports from China.
The Central Board of Indirect Taxes and Customs has announced that the anti-dumping duties on Soft Ferrite Cores, vacuum insulated flasks, and Trichloro Isocyanuric Acid will remain in effect for five years. However, for aluminium foil, the duty was provisionally imposed for six months at rates reaching up to USD 873 per tonne.
India set different duty rates for each product based on the level of dumping detected:
Who recommended these anti-dumping duties?
The Directorate General of Trade Remedies (DGTR), which operates under the commerce ministry, conducted investigations and recommended these anti-dumping duties.
Under what framework does India impose these duties?
India imposes anti-dumping duties under the multilateral regime of the World Trade Organization (WTO), headquartered in Geneva.
Both India and China are members of the WTO, and the measures comply with global trade rules aimed at preventing distortions caused by dumping.
In 2023-24, India's trade with China was $118.4 billion. India's exports to China were $16.67 billion, while imports were $101.7 billion.
In 2023-24, the trade deficit reached USD 85 billion, raising serious concerns. India uses tools like anti-dumping duties to address these imbalances and protect its domestic industries from the adverse effects of cheap imports.
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Anti-dumping duty is a tariff imposed on imported goods sold at prices below their fair market value in the exporting country. |
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