DGTR recommends anti-dumping duty on PVC resins of about $339 per tonne

Quick Summary:

The commerce ministry's investigation arm DGTR has recommended imposition of an anti-dumping duty of up to USD 339 per tonne on imports of PVC resins from seven countries, including China, the US and Korea, with a view to guard domestic producers.

The notification of the directorate said that the imports from these countries - China, Indonesia, Japan, Korea RP, Taiwan, Thailand and the US - have caused material injury to the domestic industry.

In its preliminary findings, the Directorate General of Trade Remedies (DGTR) has concluded that 'PVC suspension resins' have been exported to India at a price below the normal value, resulting in dumping.

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Category: BusinessFinance

Markets: IndiaChinaIndonesiaJapanTaiwanThailand

Topics: Directorate General Specialty Chemicals (NEC) Commercial policy Polyvinyl chloride Geneva DCW Limited. United States Shriram Protectionism World Trade Organization Pricing Dumping Finance ministry

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 12:06:51 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23424613

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