Home / Knowledge / News / Textiles / Demand for anti-dumping duty on polyester imports from China
Demand for anti-dumping duty on polyester imports from China
23
Jan '09
Since anti-dumping duties had been levied on imports of polyester from countries other than China, the local manufacturers are hopeful of having the same implemented against the Chinese exporters.

The polyester producers have petitioned to the concerned government department, mandating the creation of a tariff barrier for polyester imports from China. The Polyester Staple Fibre Manufacturers Group (PSFM) has taken the lead in lobbying for the anti-dumping duty.

In the past, China was a big importer of polyester from other Asian countries. But now over a period of time it has built vast polyester capacities, leading to negligible imports of the raw material. This has led to these manufacturers seeking new markets and also selling at low rates, to the detriment of the local polyester producers, which led to an levy being applied to imports from these countries.

China has added vast polyester capacities in the last few years and since the unfolding of the economic crisis, is looking for new markets due to the slowdown in its domestic markets. Chinese manufacturers are dumping polyester in Pakistan and other markets at prices lower than those at which they sell in the domestic markets.

This has rung alarm bells among the polyester manufactures in Pakistan, who are struggling to keep themselves afloat. Most of the polyester units are operating below capacity since the last few months and the Chinese polyester dumped at low prices is creating havoc amongst the polyester manufacturers.

fibre2fashion.com spoke to Mr Shahid Amin, Secretary General, Polyester Staple Fibre Manufacturers Group (PSFM) to get a better understanding of the situation. He said, “Yes, PSFM has petitioned to the National Tariff Commission of Pakistan to impose anti-dumping duty on Chinese PSF exporters as they are dumping PSF in Pakistan and we have supplied substantial evidences to this effect.”

According to him, the import duty on Polyester Staple Fibre was 7.5%. In the budget for the year 2008~2009 it was reduced to 4.5%. The government in the past, with the purpose to protect its domestic industry had levied a 15 percent duty on imports of polyester. But on expiry of the period in June last year, had reduced the duty substantially.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Top executives
Textile industry

It will take some time for the people to change their buying choices

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Urmil Arya

Sushila International, a well established textile organisation established ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search