Anti-dumping Duties on Chinese Goods
- On 23rd March 2025, India imposed anti-dumping duty on five Chinese goods, including vacuum flasks and aluminium foil to protect domestic players from cheap imports from the neighbouring country.
- WTO defines anti-dumping duties as tariffs imposed by a domestic government on foreign imports that are priced below fair market value, a practice known as “dumping.”
- Its objective is to prevent unfair competition, protect domestic industries, and ensure fair trade practices by discouraging predatory pricing.
- There is a WTO Agreement on Implementation of Article VI of the General Agreement on Tariffs and Trade (GATT) 1994 which is commonly known as the Anti-dumping ....
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