India Starts an Anti-Dumping Probe into Imports of MEG
India has initiated an anti-dumping investigation into imports of Mono Ethylene Glycol (MEG), a key raw material used in the polyester and textiles industries. The investigation, launched by the Directorate General of Trade Remedies (DGTR), is in response to complaints from domestic manufacturers who claim that MEG is being imported at below fair value prices, primarily from countries like Saudi Arabia, Taiwan, and Iran.
The anti-dumping probe aims to determine whether these imports are causing significant harm to India’s domestic MEG producers by undermining prices and creating unfair competition in the market. If the investigation confirms that dumping is occurring, the Indian government could impose anti-dumping duties on MEG imports, potentially stabilizing the market and ensuring fair competition for local manufacturers.
This move is part of a broader effort by India to protect its domestic industries from unfair trade practices and ensure a level playing field for Indian producers. Given the critical role of MEG in the production of polyester fibers, plastic bottles, and textiles, this investigation could have far-reaching implications for India’s textile and apparel manufacturing sector.
