DGTR Recommends Five-Year Anti-Dumping Duties on Imports from China, Thailand, Malaysia…
What happened
The Commerce Ministry’s arm, DGTR, has recommended a five-year extension of anti-dumping duties on aluminium foil imported from China, Thailand, Malaysia, and Indonesia. The recommended duty ranges between $93.53 per tonne and $976.99 per tonne for 'Aluminium foil 80 micron and below.' The Finance Ministry will make the final decision on the matter.
From dailypioneer.com
Why it matters
The review was initiated by Hindalco Industries and others because imports were impacting the profitability of the domestic industry. The DGTR noted that significant imports, especially from Thailand, were causing the concern.
From dailypioneer.com
Who's involved
- Hindalco IndustriesApplicant for the anti-dumping investigation into imports
- finance ministryAuthority responsible for the final decision on the anti-dumping duties
- ChinaCountry targeted by the recommended anti-dumping duties
- IndonesiaCountry targeted by the recommended anti-dumping duties
- MalaysiaCountry targeted by the recommended anti-dumping duties
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ChinaSpeculative
The increased duties could raise costs for businesses relying on imports from China.
- ThailandSpeculative
The duties could increase import costs, affecting the competitiveness of Thai exporters.
- IndonesiaSpeculative
The duties could increase import costs for businesses relying on materials from Indonesia.
- MalaysiaSpeculative
The duties could increase import costs for businesses relying on inputs from Malaysia.
Keep exploring
The entities involved
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Hindalco Industries
company
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Thailand
country in Southeast Asia