China’s Commerce Ministry on Thursday announced that it is extending its anti-dumping tariff on optical fibre made in India for five years.
The ministry defined single-mode fibre as a fibre that transmits only a single-mode optical signal within a certain wavelength range. The punitive tariff on single-mode optical fibre takes effect from August 14 and lasts for five years, with tariffs ranging between 7.4 per cent and 30.6 per cent depending on the specific Indian manufacturers, an AP report reads.
The move comes in the wake of tensions between the two nations at the Sino-India border at the Line of Actual Control in eastern Ladakh, forcing bilateral economic ties to take a back-step.
“The decision came after MOFCOM evaluated the possible damage to Chinese industries if anti-dumping measures are terminated, at the request of the domestic single-mode optical fibre industry on 13 August 2019,” state media reported. Earlier this month, India retained its tariffs on Chinese-made solar power products that were imposed to protect its own manufacturers.
The Ministry of Commerce began to implement anti-dumping measures on imports of single-mode optical fibres from India in August 2014. In June 2019, the MOFCOM initiated the final review investigation in response to a domestic industry application.
On June 23, New Delhi slapped anti-dumping duty on certain steel products imported from China, South Korea and Vietnam to protect domestic producers.
