India recently launched anti-dumping investigations into aluminium and zinc products from China, South Korea and Vietnam.
The survey covers imports from October 2017 to September 2018, but the Directorate General of Trade Remedies (DGTR), part of the Indian ministry of commerce, also reviews the data since 2015.
The investigation was conducted in response to a complaint by domestic producer JSW Steel Coated Products, according to a Press Trust of India report.
India has one of the fastest growing economies in the world and one of the highest trade tariffs in the world.The country’s high level of trade protectionism has been under fire for decades.
Some experts believe this high level of protectionism could have the opposite effect on India in the future.
In the latest anti-dumping investigation, aluminum zinc plate mainly used in solar power projects, roofing and electrical manufacturing and other fields.India is now so bullish on solar projects that local manufacturers naturally fear they are starting to use cheap raw materials from overseas.
If the dumping allegations are found to be true, then the trade remedy agency will recommend anti-dumping duties on these imports.Anti-dumping investigations have begun and preliminary evidence of dumping of products from the three countries has been found.
The agency said an investigation into alleged dumping would help determine the existence, extent and impact of the alleged dumping and the amount of anti-dumping duties imposed to offset the damage to domestic industry.
Dumping usually has a negative effect on the price of similar products within a country.
Post time: Apr-19-2019