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Malaysia begins anti-dumping investigation on PET imports
18
Jun '14
The Ministry of International Trade and Industry (MITI), Government of Malaysia, has initiated a preliminary investigation on imports of polyethylene terephthalate (PET) from China, Indonesia and South Korea, reports Bernama.
 
The Ministry said it has received a petition from a domestic PET producer, requesting imposition of anti-dumping duty on PET imports.
 
According to a MITI statement, the petitioner has alleged that imports of PET originating in or exported from China, Indonesia and South Korea are being dumped into Malaysia at a price much lower than the price in the domestic market of those countries.
 
The petitioner claimed that such an action was causing material injury to the domestic industry in Malaysia, and has also resulted in an increased in quantity of imports.
 
As a consequence, the petitioner had suffered material injury in the form of price undercutting, price depression, price suppression, loss of market share, reduction in domestic sales, decline in profitability and low return on investment, the statement said.
 
In response to the petition, MITI will make a preliminary determination within 120 days from the date of initiation of the investigation, in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related regulations.
 
MITI said the Government may impose a preliminary anti-dumping duty at the rate that is necessary to prevent further injury, if the preliminary determination is affirmative.
 

Fibre2fashion News Desk - India

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