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Vietnam investigates plastic dumping by China, Malaysia, Thailand

September 10/2019

MOSCOW (MRC) -- Vietnam is investigating the alleged dumping of plastic film material from China, Thailand and Malaysia, hurting the local industry, as per GV.

The investigation was initiated Monday (5 August 2019) at the request of two plastic producers, Taiwanese firm Hung Nghiep Formossa and South Korean firm Youl Chon Vina, on biaxially-oriented polypropylene (BOPP), a plastic film material used to make tapes.

They claimed that the imports of plastic products from these three countries have inflicted "significant damage" on local manufacturing, the Ministry of Trade and Industry said in a statement. As these firms account for up to 77 percent of the countrys production of related plastic products, they are eligible to represent local manufacturers in requesting an investigation, it said. The firms have proposed respective tariffs of 20.22 percent, 15.12 percent, and 20.35 percent on BOPP materials from China, Malaysia and Thailand.

As MRC informed earlier, the global demand for BOPP film market is anticipated to generate revenue of USD15.55 bln by end of 2020, expanding at a CAGR of 6.3% between 2015 and 2020, as per Zion Research.
Author:Margaret Volkova
Tags:BOPP films, packaging, film, Formosa, Vietnam, China, Malaysia, Thailand, Taiwan, South Korea.
Category:General News
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