China imposes anti-dumping duty on Indian chemical import

Beijing (IANS): China has imposed anti-dumping duty on Indian and Japanese ortho-dichlorobenzene (ODCB) which will be effective from Wednesday.

The Chinese Commerce Ministry on Tuesday said the Chinese market had suffered damage due to the dumping of these products.

The announcement comes on the same day when India's visiting Commerce Secretary met the Chinese Vice Commerce Minister Wang Shouwen and discussed trade deficit in favour of Beijing.

From Wednesday, duties will be collected at rates ranging from 31.9 percent to 70.4 percent for a five-year period, Chinese news agency Xinhua quoted the Commerce Ministry as saying.

After receiving complaints from the domestic industry, the ministry launched the anti-dumping investigations in January 2018, and a preliminary ruling was unveiled in October 2018.

ODCB is used for making pesticides, medicine and dyes.

(Story by - Gaurav Sharma)
 

-------Trending Video------

.

नियोजन नीति 1932 खतियान स्थानीय नीति OBC आरक्षण को लेकर समन्वय समिति में हुई चर्चा ||Reporter Post||
Follow Us
Read Reporter Post ePaper
--Advertisement--
Weather & Air Quality across Jharkhand