Why in news
- The US Department of Commerce finalized anti-dumping and countervailing duty determinations on crystalline silicon photovoltaic cells and modules imported from India.
Key terms
Anti-Dumping Duty
A tariff imposed on imports priced below fair market value to prevent domestic industry injury.
Countervailing Duty
A tariff levied on imported goods to neutralize subsidies granted by the exporting country's government.
What are AD and CVD?
- Anti-dumping duty (ADD) is levied on foreign imports sold below domestic market value to protect domestic manufacturers from unfair competition.
- Countervailing duty (CVD) is imposed to offset foreign government subsidies provided to exporters, restoring a level playing field.
Details of the Determination
- US investigations targeted crystalline silicon photovoltaic cells, whether or not assembled into modules, originating from India.
- The US International Trade Commission (USITC) evaluates material injury to US solar manufacturers before final enforcement.
Why it matters
- Impacts Indian renewable energy exporters targeting North American markets under India's Production Linked Incentive (PLI) expansion.
- Creates trade friction during ongoing India-US bilateral trade discussions.
Prelims facts
- Anti-dumping measures in India are recommended by the Directorate General of Trade Remedies (DGTR) under the Ministry of Commerce.
Mains discussion
- Impact of global protectionist trade policies on India's green energy manufacturing goals.
Source: Economic Times
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