PM Modi and Xi Jinping
Ever since the relations between India and China have appeared to be sweet. Since then, a big threat has been looming in the country and that is the Chinese dumping. By the way, the Government of India has made many efforts to stop it. Especially after the Galwan struggle. Now that the relationship has once again reached the verge of becoming normal, since then India has become alert again. The Investigation Unit of the Commerce Ministry has made a huge signature to the government as vigilant. After which it is believed that the government can take a big action against China. So that India’s market can be protected from Chinese dumping. Let us tell you what kind of action the government is going to take.
This recommendation was made to the government
The Investigation Unit DGTR of the Commerce Ministry has recommended the imposition of anti-dumping fees for five years on a cold rolled non-oriented electrical steel imported from China. The objective of this initiative is to protect domestic companies from cheap imports. The Directorate General of Trade Treatment (DGTR) in its investigation came to the conclusion that the product has been exported in India at a lower price, resulting in dumping. The fee on some Chinese companies has been recommended by $ 223.82 per tonne, while on some others it is $ 414.92 per ton. DGTR said in a notification that the authority recommends imposing anti -dumping fees for a period of five years.
Why is dumping duty imposed?
The Director General recommends levying the fee, but the final decision to impose it is made. Countries do anti -dumping investigations to find out that domestic industries have not been damaged due to increase in cheap imports. The purpose of this fee is to ensure fair trade activities and provide equal opportunities for domestic producers and foreign producers and exporters. India has already imposed an anti -dumping fee on many products to deal with cheap imports from various countries including China.
100 billion dollars trade deficit
How important India and China are for each other can be gauged by looking at the trade between the two. In FY 2025, the Bilateral Trade between the two countries was $ 127.71 billion. The special thing is that India got to see a trade deficit of 99.2 billion with China. If we talk about India’s import from China, then in FY 2025, $ 113.5 billion was seen. India imports most electronics, industrial machinery etc. from China.