China has decided to impose anti-dumping tariffs on pure terephthalic acid imported from Thailand and the Republic of Korea (ROK), the Ministry of Commerce (MOC) said on 12 August.
The trade bodies representing rubber-based industries in the country have pressed for a reduction in the import duty of natural rubber (NR), to help bail out the industrial units struggling with the exorbitantly high prices.
India’s tyre industry urged the government to fix the import duty on natural rubber as the current ad valorem system forces consumers to pay higher when the price of rubber goes up.