What are anti-dumping duties, imposed by India on 5 Chinese imports?
To shield its own sectors from the effects of cheaper imports from the neighboring nation, India has placed anti-dumping taxes on five Chinese products, including aluminum foil.
Products that were exported from China to India at below-normal prices include aluminum foil, Trichloro Isocyanuric Acid, Poly Vinyl Chloride Paste Resin, Soft Ferrite Cores, and a specific thickness of vacuum-insulated flask. To find out if a boom in low-cost imports has harmed domestic businesses, nations launch anti-dumping investigations.
A referral by the directorate general of trade remedies (DGTR), the commerce ministry's investigative arm, led to the announcement of the trade action. Probes are carried out on a regular basis to see how low-cost imports affect home industries. When a manufacturer sells a product abroad for less than its worth on the home market, it is deemed to be dumped.