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China slaps anti-dumping duties on chemical from India, Japan

The domestic industry has been subject to substantial damages due to the dumping of these products, the Chinese Commerce ministry said on Tuesday in a final ruling after anti-dumping investigations into the imports.

January 22, 2019 / 19:48 IST
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Mangalam Organics has gained 1324 percent in the last 5 years. As of June 10, 2015, the share price was Rs 23.15 per share and now the current share price is Rs 329.75 with a market cap of Rs 282 crore.

China has imposed anti-dumping duties on ortho dichlorobenzene (ODCB) imported from India and Japan which will come into effect from on Wednesday.

The domestic industry has been subject to substantial damages due to the dumping of these products, the Chinese Commerce ministry said on Tuesday in a final ruling after anti-dumping investigations into the imports.

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Significantly, the anti-dumping duties announcement coincided with the trade talks between visiting Commerce Secretary Anup Wadhawan and Chinese Vice Commerce Minister Wang Shouwen here on Tuesday.

The two sides also held a detailed discussion on the widening trade deficit which last year climbed to USD 57.86 billion in the total USD 95.54 total bilateral trade.