Anti-dumping duty: India probes China, Vietnam over ‘dumping’ of vinyl tiles

What is the News?

India has initiated an anti-dumping probe against imports of Vinyl Tiles from China, Taiwan and Vietnam.

Note: Vinyl Tile is a type of tile used for covering the floors in residential and commercial buildings.

What is Anti-dumping duty?

Dumping is said to occur when the goods are exported by a country to another country at a price lower than their normal value. This is an unfair trade practice that can have a distortive effect on international trade. 

Countries start anti-dumping probes to determine whether their domestic industries have been hurt because of a surge in cheap imports.

If it is established that the dumping has caused material injury to the domestic players, the country would impose anti-dumping duty on these imports.

The use of anti-dumping duties is permitted under the multilateral regime of the World Trade Organization (WTO).

Source: This post is based on the article ‘India probes China, Vietnam over ‘dumping’ of vinyl tiles’ published in The Hindu on 27th January 2022.