Pakistan imposes anti-dumping duty on the import of industrial chemical from India

Pakistan: National Tariff Commission (NTC), which is a part of the Ministry of Commerce and Textile Industry in Pakistan and protects the interests of indigenous industry, has imposed antidumping duty on the import of ‘Sorbitol’ from India for five years. Sorbitol, an industrial chemical, finds its application across various industries, including textile, cosmetics and pharmaceutical. Domestic manufacturers of Sorbitol across Pakistan filed complaints with the Ministry of Commerce about the high import volume from India. Thus, to safeguard the interest of the indigenous industries, Government of Pakistan imposed import duty on India imported Sorbitol chemical for four months starting from August, 2015. After thorough examination of the scenario, the Pakistan Ministry found out that the imports from India were impacting the domestic industry. As a consequence, the National Tariff Commission of Pakistan has imposed an anti-dumping duty of 16.97% on Sorbitol imports from India.

According to TechSci Research, “The anti-dumping duty imposed by Pakistan is not applicable on the imports of Sorbitol from India which would be used for export purposes as the regulation only includes the Sorbitol consumed within Pakistan. As a result, the industrial chemical industry of India is not expected to be greatly affected with the imposition of this tariff. The largest end user industry for Sorbitol include textile, cosmetics, personal care and pharmaceutical sector.”

According to the recent report published by TechSci Research, “India Textile Chemicals Market Forecast & Opportunities, 2018”, the textile chemicals market in India is expected to grow at the CAGR of approximately 12%, in terms of industry revenue. The growing product innovation by the textile chemical manufacturers, such as BASF, Clariant and Huntsman coupled with government initiatives for technical textiles is driving the demand for industrial textile chemicals across the country.