China's Ministry of Commerce (MOFCOM) announced on Tuesday that it has launched an anti-dumping investigation into imports of cypermethrin originating in India, after receiving an application for investigation from a domestic chemical company.
Experts noted that compared with India's unjustifiable oppression of Chinese industries and enterprises in India, the MOFCOM investigation is justified. They urged the Indian side to take a correct view of the competition between the two countries and stop hindering the development of globalization.
According to the announcement, the ministry received an application for an anti-dumping investigation submitted by Jiangsu Yangnong Chemical Industry Co on behalf of China's cypermethrin industry on April 2, under which the applicant requested an anti-dumping investigation into imports of cypermethrin originating in India.
Cypermethrin is mainly used for the production of insecticide formulations, which is widely used in agriculture, healthcare and other fields for the control of pests in cotton, fruit trees, vegetables, tobacco, corn and flowers.
Based on the evidence provided by the applicant and the review results of the MOFCOM, the ministry decided to start an investigation, and the investigation period of the dumping actions is from January 1, 2023 to December 31, 2023.
The investigation commenced on Tuesday, and it should normally be concluded by May 7, 2025, with a six-month extension under special circumstances.
Stakeholders should register with the related department of the MOFCOM to participate in the anti-dumping investigation within 20 days from the date of the announcement, said the ministry.
"China's investigation is reasonable. However, India has one of the highest numbers of anti-dumping investigations against Chinese industries of any country, combined with its continuous suppression of Chinese enterprises in the past few years," Liu Zongyi, secretary-general of the Research Center for China-South Asia Cooperation at the Shanghai Institutes for International Studies, told the Global Times on Tuesday.
A main reason why India has been suppressing Chinese companies is that the country believes that the trade war with China initiated by the US will become an opportunity for India to develop its own industry, Liu said.
Liu noted that competition between countries in certain economic areas is a very normal phenomenon, and the key is to look at it with a fair and just mindset.
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