China to slap anti-dumping duties on Indian antibiotic drug sulfamethoxazole

21/08/2012 12:00 - 409 Views

BEIJING: China has decided to slap anti- dumping duties on sulfamethoxazole (SMZ), an antibiotic imported from India.

China's Ministry of Commerce (MOC) said it will impose anti-dumping duties of 17.2 percent on Andhra Organics Ltd and Virchow Laboratories Ltd, and 36.4 percent on other Indian SMZ exporters, state run Xinhua news agency reported.

The decision was taken after the ministry after it concluded its one-year mid-term examination, the agency said.

Chinese Commerce Minister Chen Deming is scheduled to visit New Delhi later this month to take part in the Joint Economic Group meeting of the two countries, which will also be attended by his Indian counterpart Anand Sharma.

In 2007, the Chinese Commerce ministry imposed anti- dumping duties of between 10.1 percent and 37.7 percent on imports of SMZ from India.

The ministry launched the mid-term review on August 17 last year after China's Shouguang Fukang Pharmaceutical Company sought adjustment of tariff rates saying Indian SMZ producers increased their dumping efforts in China since the imposing of anti-dumping duties, the report said.

16 Aug, 2012, 06.24 PM IST, PTI

Source: economictimes.indiatimes.com