India Imposes Anti-Dumping Duties on Five Chinese Products
Safeguarding Local Industries from Unfair Imports
In a move to safeguard its local industries, India has imposed anti-dumping duties on five products imported from China. These goods include Soft Ferrite Cores, vacuum insulated flasks, aluminium foil, Trichloro Isocyanuric Acid, and Poly Vinyl Chloride Paste Resin.
Unfairly Priced Imports
- Soft Ferrite Cores
- Vacuum insulated flasks
- Aluminium foil
- Trichloro Isocyanuric Acid
- Poly Vinyl Chloride Paste Resin
These products were discovered to be sold in India at prices lower than the normal market value, causing harm to local industries.
Duration and Rates of Anti-Dumping Duties
- Soft Ferrite Cores: Up to 35% of the CIF value for 5 years
- Vacuum insulated flasks: USD 1,732 per tonne for 5 years
- Aluminium foil: Up to USD 873 per tonne for 6 months (provisional)
- Trichloro Isocyanuric Acid: USD 276 to USD 986 per tonne for 5 years (from China and Japan)
- Poly Vinyl Chloride Paste Resin: USD 89 to USD 707 per tonne for 5 years (from China, Korea, Malaysia, Norway, Taiwan, and Thailand)
Directorate General of Trade Remedies Recommendations
These measures are based on recommendations made by the Directorate General of Trade Remedies (DGTR), the investigation arm of the Ministry of Commerce. Anti-dumping duties are imposed by countries to protect domestic industries from a surge in imports at unfairly low prices, in line with the rules set by the World Trade Organization (WTO).
Ongoing Concerns About Trade Deficit
India has previously imposed similar duties on various products to counteract cheap imports from countries like China. As both India and China are WTO members, this action reflects India’s ongoing concerns about the growing trade deficit with its neighboring country, which reached USD 85 billion in 2023-24.
