Government starts probe into Chinese glycine imports

What happened

The government has started an anti-dumping investigation into glycine imported from China.
Avid Organics alleged that these imports are causing harm to the local industry.
The government is also investigating the circumvention of rules for CPVC resin.

Financial terms from this story, in everyday words.

anti-dumping: a measure taken by a government to stop foreign goods from being sold at unfairly low prices
anti-circumvention: actions taken to prevent companies from avoiding trade duties by slightly changing products

Original source

NewsData.io

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