China slaps anti-dumping duty on antibiotic from India
16 Jun 2007
Mumbai: China has imposed anti-dumping duty of up to 37.7 per cent on sulfamethoxazole, an antibiotic from India, following a final ruling made by China ''s ministry of commerce which said sulfamethoxazole exports from India have inflicted losses to local manufacturers.
The anti-dumping duty rates were increased from 10.7 per cent to 37.7 per cent to offset damages caused by cheap imports to the local producers, and the tax would be in effect for five years.
Sulfamethoxazole is a sulfonamide bacteriostatic antibiotic is commonly used to treat urinary tract infections. It is also an important material for producing other sulfonamides.
China
started its anti-dumping investigation on imported sulfamethoxazole
from India last June, and imposed temporary anti-dumping
measures in February this year on the basis of its preliminary
investigations.