NEW DELHI: The Directorate General of Trade Remedies (DGTR), under India’s Ministry of Commerce, has launched a countervailing duty investigation into imports of Calcium Carbonate Filler Masterbatch from Vietnam. This chemical is widely used in the plastic industry.
The investigation follows complaints from domestic manufacturers who allege that Vietnamese exporters are benefiting from subsidies, enabling them to offer the product at lower prices, thus adversely impacting Indian producers.
The DGTR has found sufficient prima facie evidence to initiate this investigation. The objective is to determine the extent of subsidization and its effect on the domestic industry. If confirmed, the DGTR may recommend countervailing duties to neutralize the subsidies and protect local manufacturers.
This step highlights India’s efforts to safeguard its industries from unfair trade practices and ensure fair competition in the market.
Source: Web Team, C6N
