GS Paper III
News Excerpt:
India has initiated an anti-dumping probe into imports of certain solar glass from China and Vietnam, following a complaint by domestic players.
More details on the news:
- The Commerce Ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of 'Textured Tempered Coated and Uncoated Glass' made or from China and Vietnam.
- The product is also known by various names such as solar glass, low iron solar glass, solar glass low iron, solar photovoltaic glass, high transmission photovoltaic glass, tempered low iron patterned solar glass, etc.
- If it is established that the dumping has caused material injury to domestic players, DGTR would recommend the imposition of anti-dumping duty on the imports.
- The Finance Ministry takes the final decision to impose duties.
- There is sufficient evidence that the product is being dumped in the domestic market of India by the exporters from these two countries.
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Directorate General of Trade Remedies (DGTR)
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Anti-dumping duty
- Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports.
- As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organisation (WTO).
- The anti dumping is an instrument for ensuring fair trade and is not a measure of protection per se for the domestic industry. It provides relief to the domestic industry against the injury caused by dumping.
- The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters.
