Chinese authorities on Monday launched anti-dumping and anti-subsidy duties investigations into some Indian manufacturers for exporting a chemical product - widely used in dyes and pharmaceutical - to the country at an artificially low price.
The Chinese Ministry of Commerce had received requests from Suzhou Luosen Auxiliaries Co., Ltd, a domestic chemical producer, after it accused Indian manufacturers of dumping Ortho Chloro Para Nitro Aniline, a type of dye intermediate, on the Chinese market and called for an inquiry, the ministry said in a statement.
A bag of imported Ortho Chloro Para Nitro Aniline from India. /Internet Photo
The ministry said it would investigate whether Indian firms were subsidized by the Indian government and if they had sold the product at an artificially low price in China.
The investigations starting on Monday are expected to conclude before February 13, 2018 and may in special circumstances be extended to August 13, 2018.
The two top countries that have been the major destinations for chemical exports from India for the past few years include China and US, according to data from CHEMEXCIL (Basic Chemicals, Pharmaceuticals & Cosmetics Export Promotion Council), a body set up by the Ministry of Commerce & Industry Government of India.
India exported 139 million US dollars worth of dyes and dye intermediate to China in the year 2014- 2015, according to CHEMEXCIL.
(With inputs from Xinhua)
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