JAKARTA (TheInsiderStories) – Indian authorities have rescinded anti-dumping import duty on Indonesian melamine products, after discovering that there was no link between the imported goods and losses suffered by the country’s domestic industries. This is certainly a positive news for Indonesian melamine exporters.
The Indian Directorate General of Anti-Dumping and Allied Duties issued a notification on Feb. 19, 2018 recommending no further imposition of anti-dumping duties on melamine imports from a number of countries, including those from Indonesia.
The anti-dumping import duty was initially introduced on June 1, 2012, and racked up to US$1,537 per metric ton. A review was then conducted on Sept. 22, 2017, based on the request of India’s Gujarat State Fertilizers & Chemicals Ltd.
During the investigation period, according to Oke, the Directorate of Trade Security from the Ministry of Trade found that there was no correlation between imported goods and losses suffered by domestic industries.
India’s anti-dumping import duties law affected two Indonesian exporters, Sri Melamine Rejeki and OCI Kaltim Melamine.
According to Statistics Indonesia, Indonesia’s last export of melamine products to India was in 2011, and was valued at US$2.2 million. During the same time, Indonesia’s melamine products were also exported to Australia (US$ 14.3 million), Thailand ($7.9 million), and South Korea ($6.5 million).
In response to the recommendation, Trade Security Director Pradnyawati suggests re-activating the export trade of melamine products to India.
“The repeal of duties on melamine products should be a boost for Indonesia’s melamine industry, giving it an opportunity to rise again and enter the Indian market, as the country’s potential is promising,” Pradnyawati concluded.
Email : firstname.lastname@example.org