How does the imposition of anti-dumping duty on sodium cyanide imports affect the chemical industry in India
Examine the potential consequences of the Directorate General of Trade Remedies recommending anti-dumping duty on sodium cyanide imports.
1.
- Increases production cost: Anti-dumping duty on sodium cyanide imports can lead to higher production costs for Indian chemical companies using sodium cyanide in their manufacturing processes.
2.
- Increases domestic production: With the imposition of anti-dumping duty, there may be an increased demand for domestic production of sodium cyanide in India.
3.
- Protection for domestic industry: The recommendation of anti-dumping duty provides protection to the domestic chemical industry from unfair trade practices and helps in maintaining market competitiveness.
4.
- Price stability: By imposing anti-dumping duty, the price of sodium cyanide in the Indian market may stabilize, preventing price fluctuations due to imported products undercutting domestic prices.
5.
- Compliance with international trade regulations: Imposing anti-dumping duty ensures that India is complying with international trade regulations and protecting its market from unfair competition.
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a year ago