China clamps anti-dumping measures on Indian firms

23/05/2014 12:00 - 503 Views

China said it will slap provisional anti-dumping measures on single-mode optical fibers imported from India, alleging that Indian companies are dumping them in Chinese market.

An investigation found that the dumping activities by Indian firms were damaging the interests of Chinese optical fiber producers and that there was causal link between the dumping and the damage caused, the Chinese Commerce Ministry said.

The ministry told domestic importers of India-made single-mode optical fibers to pay cash deposits to customs starting from May 14.

The deposit rate ranges from 13.7 per cent to 51 per cent of the value of their imports, state-run Xinhua news agency reported.

The Indian fiber makers include Sterlite Technologies Limited, Birla Furukawa Fibre Optics Limited, Corning Technologies India Private Limited, Aksh Optifibre Limited and Finolex Cables Limited among others.

Single-mode optical fibers are used to make telecommunication equipment.

Source: The Week