Anti-Dumping Of Sodium Cyanide Imports:
India has initiated an anti-dumping probe into imports of poisonous chemical sodium cyanide from China, the European Union, Japan and Korea following a complaint by domestic companies.
- An application has been filed by Hindusthan Chemical Company and United Phosphorous Ltd for the probe and the imposition of appropriate anti-dumping duty on imports from these nations.
- The Union commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of the cyanide originating in or exported from China, the European Union, Japan and Korea.
- Sodium cyanide appears as a white crystalline solid, lump solid or powder.
- It contains equal numbers of sodium cations and cyanide anions.
- It is used as an insecticide, a test reagent for the function of chemoreceptors, and in many industrial processes.
- It is also used for the extraction of gold and silver from their respective ores, dyes, pigments, and bulk drugs.
- An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.
- Dumping is a process wherein a company exports a product at a price that is significantly lower than the price it normally charges in its home (or its domestic) market.