The Northern Indian Textiles Mills Association (NITMA) recently welcomed the government’s decision to significantly reduce the anti-dumping duty (ADD) on imports of acrylic fibre originating in or exported from Thailand. The Directorate General of Trade Remedies (DGTR) recommended that the continuation of the duty is required on imports of acrylic fibre from Thailand.
Three Indian producers—Indian Acrylic Limited, Pasupati Acrylon Limited and Vardhaman Acrylics Limited—had filed an application with the DGTR to review the ADD decision.The Northern Indian Textiles Mills Association recently welcomed the government's decision to significantly reduce the anti-dumping duty (ADD) on imports of acrylic fibre originating in or exported from Thailand. The Directorate General of Trade Remedies recommended that the continuation of the duty is required on imports of acrylic fibre from Thailand.#
The DGTR concluded that imports are likely to enter the Indian market at dumped prices in the event of expiry of duty and the domestic industry’s performance remains vulnerable due to dumping of acrylic fibre from Thailand. As there is a likelihood of continued dumping, the domestic industry will be harmed in case the ADD in force is allowed to cease at this stage, it said.
The DGTR recommended imposing a definitive ADD of $15.87 per metric tonne (MT) of acrylic fibre exported from Thailand by Thai Acrylic Fibre Co. Ltd. for five years.
This is a huge relief for the domestic user industry as the earlier duty charged was $162 per MT, NITMA president Sanjay Garg said in a press release.
“Higher rate of ADD has increased cost of yarn which made our downstream value added Industries uncompetitive leading to a grave situation that now we are unable to compete not only in the exports market but even our domestic market have been suffering due large scale imports of sweaters into India by competing countries, loosing many employment opportunities and livelihoods of millions in many regions in the country,” Garg said.
Sweater manufacturing is an important segment of the man-made fibre industry, and India’s share in the world sweater market was a negligible $0.07 billion compared to $10.3 billion of China and $2.5 billion of Bangladesh as per 2018 data.
Fibre2Fashion News Desk (DS)
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