What is the primary purpose of imposing an anti-dumping duty on ‘Trichloro isocyanuric acid’ from China and Japan?

The correct answer is To protect the domestic industry from unfair trade practices.

In News

• India has imposed an anti-dumping duty of up to $986 per tonne on ‘Trichloro isocyanuric acid’ imported from China and Japan.
• The duty will remain in effect for five years to protect the domestic industry from low-cost imports.

Key Points

• The anti-dumping duty is based on recommendations from the Directorate General of Trade Remedies (DGTR), which found that domestic manufacturers suffered material injury due to dumped imports.
• ‘Trichloro isocyanuric acid’ is a chemical used for water treatment.
• The duty aims to create a level playing field for Indian manufacturers and prevent unfair pricing.
• The Ministry of Finance issued the notification to enforce the measure.

Additional Information

• What is Anti-Dumping Duty?
  • A tariff imposed by a government on foreign imports believed to be priced below fair market value.
  • Its purpose is to safeguard domestic industries from unfair competition.
• Role of Directorate General of Trade Remedies (DGTR):
  • It investigates unfair trade practices and recommends measures to the government.
  • It works under the Ministry of Commerce & Industry.
• Impact of Anti-Dumping Duty:
  • Prevents price undercutting and helps domestic industries stay competitive.
  • Encourages fair trade practices between countries.