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US slaps anti-dumping duties on PET from Canada, China, India, Oman

March 22/2016

MOSCOW (MRC) -- The US Department of Commerce (DOC) has imposed anti-dumping duties (ADD) on polyethylene terephthalate (PET) resins imported from Canada, China, India and Oman, according to TPS with reference to the official statement.

The DOC find has determined that there is dumping of imports of certain PET resins from Canada, China, India, and Oman. It also found countervailable subsidization of imports of certain PET from China and India, but no subsidization of imports from Oman.

According to the DOC, for the purpose of ADD investigations, dumping occurs when a foreign company sells a product in the United States at less than its fair value.

For the purpose of the countervailing duty (CVD) investigations, countervailable subsidies are financial assistance from foreign governments that benefit the production of goods from foreign companies and are limited to specific enterprises or industries, or are contingent either upon export performance or upon the use of domestic goods over imported goods.

We remind that, as MRC reported previously, in August 2015, The Ministry of Commerce, Government of China,  announced it would review anti-dumping duties on purified terephthalic acid (PTA) imported from South Korea and Thailand. Anti-dumping duties ranging between 2 and 20.1% were imposed on PTA imports from these two countries in August 2010, for a period of five years. The ministry's decision to review these duties follows an application made by domestic producers in June last year requesting the ministry to reinvestigate the case and extend the duties which were due to expire.

Since August 2010, South Korean PTA exporters like Hyosung Corp is levied duty at 2.6%, Samsung Petrochemicals 2%, SK Petrochemicals 11.2%, Samnam Petrochemicals 3.7%, KP Chemical 2%, Taekwang Industrial 2.4%, while other Korean PTA exporters pay 11.2% anti-dumping duties.


mrcplast.com
Author:Margaret Volkova
Tags:PET, PET-granulate, terephthalic acid, packaging, Hyosung, KP Chemical, samnam Petrochemical, Samsung Total, SK Corporation, India, Canada, China, Oman, USA.
Category:General News
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