China has imposed anti-dumping duties on imports of pyridine from India and Japan. China's Ministry of Commerce said on November 20, 2013, that it will impose five-year anti-dumping tariffs on Indian and Japanese imports of pyridine, a raw material for making pesticides and herbicides. The tariff will range from 24.6% to 57.4% and will become effective from November 21, 2013.
Pyridine is a chemical which is used in preparation of various agrochemicals and pharmaceuticals besides being an important solvent and reagent.
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The Ministry said an eight-month investigation found that producers in India and Japan had been dumping pyridine into the Chinese market, which had caused substantial damage to Chinese industry. In May, the Ministry issued a preliminary ruling that India and Japan had been dumping the chemical into the Chinese market and slapped preliminary anti-dumping duties of up to 57.4% on the product.
Pyridine is a chemical which is used in preparation of various agrochemicals and pharmaceuticals besides being an important solvent and reagent.
ALSO READ: Chinese pharma intermediates may become uncompetitive compared to India: Ashwin Shroff, Excel Industries Ltd
The Ministry said an eight-month investigation found that producers in India and Japan had been dumping pyridine into the Chinese market, which had caused substantial damage to Chinese industry. In May, the Ministry issued a preliminary ruling that India and Japan had been dumping the chemical into the Chinese market and slapped preliminary anti-dumping duties of up to 57.4% on the product.