India hits US, China solar imports with anti-dumping duties
Published on May 24, 2014 12:57 AM
NEW DELHI (REUTERS) - India will impose anti-dumping duties on solar panels imported from the United States, China, Taiwan and Malaysia to protect domestic solar manufacturers, according to a government statement seen by Reuters on Friday.
The order, almost certain to anger India's trading partners, sets duties of between 11 and 81 US cents (S$0.13 and $1.01) per watt and comes after a investigation which started in 2011. The ruling by a quasi-judicial body has to be published by the Finance Ministry before it takes effect.
The decision adds to India's growing trade disputes just before Narendra Modi takes office as prime minister on Monday. "Imposition of anti-dumping measures would remove the unfair advantages gained by dumping practices," said India's Anti-Dumping Authority in its order released on Thursday.
Local manufacturers have long complained that US, Chinese and Malaysian companies enjoy state subsidies and are selling their products at artificially low prices to capture the Indian market.
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