India has withdrawn the anti-dumping duty on imports of hydrogen peroxide from Bangladesh.
The duty was imposed in June 2017. Removal of the duty would enhance exports of the chemical from Bangladesh to India. Before the tariff was slapped, exporters shipped up to 3000 tons of the chemical a month.
Anti-dumping duty is a protectionist tariff that a country imposes on imported products on the ground that the products are priced below the fair market value. In order to protect local industries many countries impose such duties on the products they believe are being dumped in their markets.
