Indian Trade Secretary Gopal K. Pillai has announced plans to impose a duty on Chinese imports of aluminum in order to safeguard India’s aluminum industry. The Indian government is also “probing shipments of other goods” from China.
“A lot of items have come. We are already in discussion with the Chinese to tell them ‘look, we don’t mind your exporting to India … but you can’t export to an extent, which can kill my domestic industry’,” [Pillai] said on the sidelines of a conference…”China is a non-market economy. They have created huge capacities in their country… Where are they going to sell their products ? They are going to dump it in India,” he said…
Earlier this month, China’s Commerce Ministry said India had launched 17 probes of Chinese-made products since October and cautioned New Delhi that such moves would have a serious impact on bilateral economic and trade ties.
In response, the Chinese government has announced plans to impose a 5% tax on aluminum imports:
Traders said the tax may spur Chinese importers to cancel or delay tens of thousands tonnes of spot primary aluminum due to arrive in coming weeks.
See also past CDT posts on Chindia.
