India has imposed anti-dumping duty on five Chinese products, including certain aluminium goods and some chemicals, for five years to guard local manufacturers from cheap imports from the neighbouring country.
A remedy sanctioned by the WTO to protect a member country’s domestic industry from imports that have been priced at levels below those prevailing in the exporting nation’s home market, The anti-dumping duty has become one of India’s most widely used trade weapons, especially against a flood of cheaper Chinese imports.
Anti-dumping measures are taken to ensure fair trade and provide a level playing field to the domestic industry. Both India and China are members of the Geneva-based World Trade Organisation (WTO). India has initiated maximum anti-dumping cases against dumped imports from China. India’s exports to China during the April-September 2021 period were worth $12.26 billion while imports aggregated at $42.33 billion, leaving a trade deficit of $30.07 billion.
The effectiveness of the measure in providing timely relief to smaller domestic manufacturers facing an existential crisis on account of suspected dumping has also been undermined in the past by a less than ‘swift’ process with the DGTR hamstrung by a personnel crunch. With companies worldwide now seeking to de-risk their businesses from an excessive reliance on China in the wake of the COVID-19 pandemic, the prospect of more capacity in that country turning surplus and being used to produce goods for dumping overseas increases.GPSC Notes brings Prelims and Mains programs for GPSC Prelims and GPSC Mains Exam preparation. Various Programs initiated by GPSC Notes are as follows:-
- GPSC Mains 2022 Tests and Notes Program
- GPSC Prelims Exam 2022- Test Series and Notes Program
- GPSC Prelims and Mains 2022 Tests Series and Notes Program
- GPSC Detailed Complete Prelims Notes 2022