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Indonesian products at receiving end of anti-dumping measures
29 Jun '09
2 min read
Indonesian textile products and many other goods from other sectors have been at the receiving end of a slew of anti-dumping measures leveled against it in the last few months by different countries like India, China, Turkey, etc.
Antidumping measures are imposed on imported products that sell their products at “unfair” prices in foreign markets, usually lower than those that would be charged by the domestic producers, which also put these local manufacturers at great risk.
However, in the current situation where demand for products is slowing down it becomes a tool in the hands for countries, which want to safeguard and protect their domestic companies from foreign competition.
India initiated an anti-dumping probe into the import of viscose staple fibre from Indonesia and imposed an anti-dumping duty in the process and last year, Turkey had imposed measures on imports of manmade fibres and yarns.
Egypt is also contemplating levying safeguard measures since January with respect to imports of cotton yarn and blended and woven cotton fabrics from Indonesian exporters, terming it as dumping goods at low prices.
In retaliation, Indonesia on its part has also initiated several safeguard measures against goods from the above countries and is planning to impose more of these probes against many other products from other countries.
Antidumping measures are imposed on imported products that sell their products at “unfair” prices in foreign markets, usually lower than those that would be charged by the domestic producers, which also put these local manufacturers at great risk.
However, in the current situation where demand for products is slowing down it becomes a tool in the hands for countries, which want to safeguard and protect their domestic companies from foreign competition.
India initiated an anti-dumping probe into the import of viscose staple fibre from Indonesia and imposed an anti-dumping duty in the process and last year, Turkey had imposed measures on imports of manmade fibres and yarns.
Egypt is also contemplating levying safeguard measures since January with respect to imports of cotton yarn and blended and woven cotton fabrics from Indonesian exporters, terming it as dumping goods at low prices.
In retaliation, Indonesia on its part has also initiated several safeguard measures against goods from the above countries and is planning to impose more of these probes against many other products from other countries.
Fibre2fashion News Desk - India
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