India imposes antidumping duty on 98 products from China

Image
Press Trust of India New Delhi
Last Updated : Jan 03 2018 | 5:21 PM IST
India has imposed antidumping duty on as many as 98 products, as on December 27 last year, imported from China, Parliament was informed today.
The products on which the duty was imposed include flax fabrics, vitamin C, certain fibres and chemicals, Minister of State for Commerce and Industry C R Chaudhary said in a written reply to Rajya Sabha.
He also said trade deficit with China stood at USD 36.73 billion during April-October this fiscal.
"Increasing trade deficit with China can be attributed primarily to the fact that Chinese exports to India rely strongly on manufactured items to meet the demand of fast expanding sectors like telecom and power," he said.
Countries initiate antidumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports.
As a counter measure, they impose duties under the multilateral WTO regime.
Antidumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 03 2018 | 5:21 PM IST

Next Story