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China imposes anti-dumping duties on imports of cypermethrin from India

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China imposes anti-dumping duties on imports of cypermethrin from India

2025-05-07 14:23 Last Updated At:05-08 00:27

China will levy anti-dumping duties on imports of cypermethrin originating in India for a period of five years from Wednesday, China's Ministry of Commerce (MOC) said on Tuesday.

An investigation has shown that imports of cypermethrin from India have involved dumping, causing substantial damage to China's domestic cypermethrin industry, and determined a causal link between these dumping practices and material injury.

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China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

Anti-dumping duty rates will range from 48.4 percent to 166.2 percent.

Cypermethrin is used primarily in the agriculture sector to produce insecticides for pest control in the cultivation of cotton, fruit trees, vegetables, tobacco, corn and flowers.

On May 7, 2024, at the request of domestic industry, the MOC officially launched an anti-dumping investigation into cypermethrin imports originating from India, said an MOC spokesperson when answering a question from a reporter regarding the implementation of the anti-dumping measures on Wednesday.

The spokesperson stressed that the investigation was conducted in strict accordance with Chinese laws and regulations, and World Trade Organization (WTO) rules.

Throughout the process, the ministry gathered extensive input from all stakeholders, ensuring their rights were upheld and the findings were reached in an objective, fair, and impartial manner, said the spokesperson.

Cypermethrin is used primarily in the agriculture sector to produce insecticides for pest control in the cultivation of cotton, fruit trees, vegetables, tobacco, corn and flowers.

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

China imposes anti-dumping duties on imports of cypermethrin from India

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0108 against USD Monday

Chinese yuan strengthens to 7.0108 against USD Monday

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