China’s import curbs concern aluminium exporters

India’s aluminium exporters are jittery about China’s plans to curtail aluminium imports from July. Furthermore, there is speculation that China will dump aluminium in India due to its trade war with US. In addition, the fact that India has FTAs with ASEAN members at an import duty of 2.5% has led to the erosion of domestic producers’ market share to 40% in 2019. Some of these indigenous manufacturers are Vedanta Ltd, Hindalco Industries & Nalco. This has prompted industry stakeholders to coax the government into negotiating a better deal, especially vis-à-vis stricter Rules of Origin Norms, at multilateral trade forums like RCEP.