Tuesday, 02 January 2024 12:17 GMT

Anti-Dumping Duty Imposed On Glass Fibre Imports From China, Bahrain & Thailand For 5 Years


(MENAFN- KNN India) New Delhi, Sep 12 (KNN) The Directorate General of Trade Remedies (DGTR) has recommended the imposition of an anti-dumping duty on imports of glass fibre from China, Bahrain, and Thailand for a period of five years.

The duty, aimed at protecting domestic manufacturers from cheap inbound shipments, has been suggested in the range of USD 194–394 per tonne.

In its final findings, the DGTR concluded that glass fibre, widely used across sectors including electricals, has been exported to India at prices below the normal value, resulting in dumping.

While the DGTR makes the recommendation, the final decision to impose the duty rests with the Finance Ministry.

In a separate move, the DGTR has initiated a sunset review investigation to assess the need for continuing the anti-dumping duty on 2-Ethyl Hexanol, a chemical used in the adhesive industry, imported from the European Union, Indonesia, Korea, Malaysia, Taiwan, and the United States.

The review follows an application by Andhra Petrochemicals Ltd seeking continuation of protective measures.

Anti-dumping duties are part of the multilateral trade framework under the World Trade Organization (WTO), designed to ensure fair trading practices and safeguard domestic industries against a surge of below-cost imports.

India has previously imposed similar duties on several products, including those from China, to protect local producers and maintain a level playing field.

The DGTR's recommendations are expected to reinforce domestic manufacturing competitiveness while aligning with global trade norms.

(KNN Bureau)

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