Home / Knowledge / News / Textiles / Malaysian govt imposes anti-dumping duty on PET
Malaysian govt imposes anti-dumping duty on PET
03
Oct '13
The Government of Malaysia has imposed anti-dumping duty on import of polyethylene terephthalate (PET), Dewan Rakyat, the Lower House of Malaysian Parliament, was informed, according to Bernama.
 
PET is currently imported at zero duty and to protect the interests of domestic entrepreneurs, anti-dumping duty would be levied at 49.25 percent on PET imported from Thailand until April 20, 2016.
 
The anti-dumping duty has been imposed to address the problem of dumping from countries like Thailand, and to help local companies that manufacture PET, Deputy Finance Minister Datuk Ahmad Maslan said.
 
The imposition of duty would also create a balanced competitive environment at global level between local and foreign companies, Datuk Maslan said while proposing the Customs Duty Order as a Statue Paper in Dewan Rakyat.
 
Datuk Maslan said the anti-dumping duty would be continued irrespective of whether Malaysia signs the Trans-Pacific Partnership (TPP) agreement or not.
 
The Statute Papers on imposition of duties on PET and three other industrial raw materials were endorsed by the Dewan Rakyat.
 

Fibre2fashion News Desk - India


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X