At the meeting of the Ministry of Steel, the proposal to impose an anti-dumping duty on certain products imported from China will be discussed. The Ministry of Steel has proposed an anti-dumping duty on stainless steel products due to the cheap influx of goods from China, which is said to be hurting domestic demand and forcing small domestic producers to operate at reduced capacity.
In addition, the Directorate General of Trade Remedies recommended an extension of the anti-dumping duty on steel wheels from China for five years.
Currently, an anti-dumping investigation is ongoing for imports of aluminum frames for solar panels from China. India occasionally imposes anti-dumping duties on some Chinese goods. Currently, the anti-dumping duty on Chinese goods includes flat rolled products of aluminum, sodium hydrosulfite, silicone sealant, hydrofluorocarbon (HFC) component R-32, hydrofluorocarbon blends, etc.
India's trade deficit with China widened from $72 billion in FY22 to $77.6 billion in FY23, according to the trade ministry. Exports to China fell 28 percent to $15.3 billion, while imports rose 4.16 percent to $98.51 billion.
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