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China has extended anti-dumping duty on Indian chemicals for five years.

Beijing: China has said it will maintain anti-dumping duty on imports of o-chloro-p-nitroaniline from India for the next five years. According to Ministry of Commerce (MOFCOM) announced here on Monday, the duties will be extended for the next five years from February 13.
China first imposed the duty on February 12, 2018, at a rate of 31.4-49.9 percent for five years.
MOFCOM’s investigation found that India has strong production capacity in this yellow crystalline powder, which is mainly used in dyes, and has overpotential, with two-thirds of it dependent on exports to foreign markets, state run Global Times informed of.
Between 2018 and September 2022, India still exported products to China by dumping, accounting for all of China’s imports of o-chloro-p-nitroaniline, which had left Chinese enterprises in unsustainable production and operating conditions. , and was sensitive to impact. and the impact of dumped imported products, the ministry said.
The report said that India has the highest number of anti-dumping investigations going on against China.
According to the MOFCOM website, from 1995 to 2023, India initiated 336 anti-dumping investigations against China.
The report said that at the end of September last year, within 10 days, India initiated 13 anti-dumping investigations against China, while China initiated 12 anti-dumping investigations against India from 1995 to 2023, mainly in the chemical sector. Dumping investigation has been initiated.
India-China trade remains high despite bilateral tensions over the eastern Ladakh military standoff, as total trade rose to a record $136.2 billion last year, while India’s trade deficit widened to $99.2 billion, the lowest in the last year. A little less.
According to annual trade data covering the period January to December 2023 released by Chinese Customs last month, China’s exports to India stood at $117.7 billion, slightly lower than last year’s $118.5 billion.
China’s imports from India stood at $18.5 billion last year, slightly higher than the figure of $17.48 billion for 2022.
The trade deficit, which has been India’s major concern for years, stood at $99.2 billion in 2023. Trade deficit in 2022 exceeds $101 billion, crossing $100 billion for the first time.

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