China : India’s anti-dumping case against domestic silk resolved

India’s anti-dumping case against Chinese silk came to end after Chinese firms agreed on minimum prices.

Minimum price, which is 30 percent less from previous ruling will be between US $1.662 to $4.526 per meter for the fabrics.

Firms selling fabrics at lower price than minimum price will have to pay anti-dumping duty on the difference between sales price and minimum price.

Both the countries are satisfied with the solution as it fulfills India's demand for the product and helps China remove less competitive producers.