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China first imposed the duties for 5 years as of February 12, 2018 at charges of 31.4-49.9 per cent.
MOFCOM’s investigations discovered that India has robust manufacturing capability on this yellow crystalline powder, which is principally utilized in dyes, and that there’s critical overcapacity, with two-thirds of it counting on exports to abroad markets, state-run International Instances reported.
Between 2018 and September 2022, India nonetheless exported the merchandise to China by dumping, accounting for all of China’s imports of o-chloro-p-nitroaniline, which had left Chinese language enterprises in a state of unstable manufacturing and operation, and vulnerable to the influence and affect of dumped imported merchandise, the Ministry mentioned.
India has probably the most anti-dumping investigations in opposition to China, the report mentioned.
In keeping with the MOFCOM web site, from 1995 to 2023, India initiated 336 anti-dumping investigations in opposition to China. In late September final yr, inside 10 days, India launched 13 anti-dumping investigations in opposition to China, whereas China has launched 12 anti-dumping investigations in opposition to India, from 1995 to 2023 primarily within the chemical subject, the report mentioned.India-China commerce continues to stay excessive regardless of bilateral tensions over the jap Ladakh army standoff as the full commerce final yr climbed to a document USD 136.2 billion final yr with India’s commerce deficit mounting to USD 99.2 billion, a tad decrease than final yr.
China’s exports to India stood at USD 117.7 billion, a bit decrease in comparison with USD 118.5 billion final yr, in keeping with the annual commerce knowledge protecting the interval from January to December 2023 launched by Chinese language customs final month.
China’s imports from India totalled USD 18.5 billion barely increased final yr in comparison with the 2022 determine of USD 17.48 billion.
The commerce deficit, a serious concern of India for years, stood at USD 99.2 billion in 2023. In 2022 the commerce deficit scaled to over USD 101 billion for the primary time crossing USD 100 billion.
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