1. Home
  2. Blog
  3. UPSC

Anti-dumping duty on Sodium Cyanide


Why is it in the news?

  • The Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duty on sodium cyanide imported from China, the European Union, Japan, and Korea.

More about the news

  • An anti-dumping duty is a protective tariff imposed by a domestic government on foreign imports that are believed to be priced below fair market value. This measure aims to protect domestic industries from unfair competition caused by dumping practices.
  • Dumping occurs when a company exports a product at a price significantly lower than its normal selling price in its domestic market.
  • The revised definitive anti-dumping duties on sodium cyanide will be applicable for a period of five years.
  • Sodium cyanide is utilized in various industrial processes, including the extraction of gold and silver from ores, electroplating, heat treatment of metals, and manufacturing insecticides, dyes, pigments, and bulk drugs.

Get free UPSC Updates straight to your inbox!

Get Updates on New Notification about APPSC, TSPSC and UPSC

Get Current Affairs Updates Directly into your Inbox

Discover more from AMIGOS IAS

Subscribe now to keep reading and get access to the full archive.

Continue reading

WhatsApp Us

Exit mobile version