Why is it in the news?
India initiated an anti-dumping probe on imports of ethyl chloroformate.
It aims to protect the domestic chemical industry.
Category: Economy
Important Points:
● Ethyl chloroformate is an organic chemical used in pharmaceuticals
● Also used in agrochemicals and industrial processes
● Anti-dumping duty is imposed on unfairly priced imports
● It prevents dumping below fair market value
● Governed by WTO Anti-Dumping Agreement
● DGTR conducts investigation in India
● Final decision taken by Ministry of Finance
● De minimis margin is 2% of export price
● Ensures level playing field for domestic industries