SIDC says results of anti-dumping complaint against China, India issued

Logo of Saudi Industrial Development Co. (SIDC)

Saudi Industrial Development Co. (SIDC) announced the issuance of the basic investigation report from the Office of the Technical Secretariat to Combat Harmful Practices in International Trade regarding the anti-dumping complaint against imports of sanitaryware from China and India.

For more news on listed companies

Based on the results of the investigation, the Technical Secretariat Office made a number of observations, SIDC said in a statement to Tadawul.

1- Determining the existence of a dumping margin on imports of sanitaryware such as ceramic washbasins, pedestals, bathtubs, bidets, toilet seats, water tanks, urinals, and similar fixed sanitary items classified under tariff codes (69109000 - 69101000) of the Unified Tariff System, originating or exported from China and India. Dumping margins have been determined from the dumping country that cannot be ignored.

2- Determining the existence of material harm to the GCC industry.

3- Determining the existence of a causal relationship between dumped imports from China and India and the damage to the GCC industry.

The company said that imposing anti-dumping duties will contribute to creating a fair competitive environment, in line with international trade regulations, thereby, improving the company's overall performance.

In August 2023, the GCC Standing Committee for Combating Harmful Practices in International Trade issued a decision to investigate the anti-dumping complaint filed against imports of sanitaryware sets from China and India, Argaam reported.

In April, SIDC announced the issuance of the preliminary report by the Technical Secretariat Office regarding the anti-dumping complaint against imports of sanitaryware from China and India.