India imposes anti-dumping duty on Chinese aluminium foil

economictimes.indiatimes.com

India has introduced a provisional anti-dumping duty on aluminium foil imports from China. The duty ranges from $619 to $873 per metric tonne and will be effective for six months. This action aims to relieve pressure on local manufacturers who are struggling with low-priced imports from China. The Finance Ministry's notification stated that the duty applies to aluminium foil thicker than 5.5 microns. This ruling comes after findings from the Directorate General of Trade Remedies (DGTR), which indicated that Indian producers have been harmed by these imports. Several Chinese companies have been identified as exporters selling their products at prices lower than market value. These companies include Henan Mingtai and Shanghai Sunho, among others. The highest duty of $873 per tonne will be charged on exports from other producers. This decision follows a wider context of trade tensions, including recent tariffs imposed by the United States on steel and aluminium imports. Indian manufacturers are concerned about the potential impact of increased Chinese imports on their profitability.


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