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India's paper and paperboard imports have seen a significant surge, posing a threat to the domestic industry. According to recent data, imports accelerated by 39% in Q1FY24, with a 25% increase in FY23 over FY22. The imports from ASEAN grew by a staggering 198%, and from China by 37% in volume terms.
This surge is attributed to the preferential tariff treatment under various free trade agreements (FTAs), which has led to a significant increase in imports from countries like Indonesia, Singapore, and China. The Indian Paper Manufacturers Association (IPMA) has urged the government to impose safeguard, anti-dumping, and countervailing duties on imports and review the existing FTAs to protect the domestic industry. The surge in imports has also led to concerns about the quality of imported products and the potential harm to the domestic industry, which has invested heavily in production capacity[1][2][3][5].
Citations:
[1] https://www.thehindubusinessline.com/economy/imports-of-paper-and-paperboard-up-39-in-q1fy24/article67204962.ece
[2] https://www.printweek.in/news/indias-paper-imports-zoom-43-domestic-industry-concerned-58204
[3] https://pressideas.com/paper-import-increase-poses-threat-to-domestic-paper-industry/
[4] https://twitter.com/Dev_Discourse/status/1793231287496392748
[5] https://www.devdiscourse.com/article/headlines/2946548-surge-in-paper-imports-threatens-indias-domestic-industry
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