Home / Knowledge / News / Textiles / Anti-dumping duty on polyester yarn imports
Anti-dumping duty on polyester yarn imports
20
May '10
The Minister of Industry, Débora Giorgi has released a notification which imposes anti-dumping measures on imports of polyester textured yarn originating in the People's Republic of China, Indonesia and Taiwan, in the form of ad valorem tariffs of 14.20% for China and 6.17% to 7.52% for Taiwan and Indonesia.

The resolution, published today in the Official Gazette and signed by the Minister Giorgi, is based on reports by technical teams from the Ministry of Industry, Trade and SMEs, which determined the existence of injury to the domestic industry by imports of these products.

The report states that, domestic production of polyester textured yarn employs 700 workers, who would be at risk of losing their jobs if the anti-dumping duty is not applied. The market share of domestic companies in sales of polyester yarn has fallen from 49% to 19% in recent years and the market share of all these three countries has increased from 30% to 46%.

The investigation also concluded that the prices of products imported from China, Indonesia and Taiwan were not only lower than the average price of domestic production, but up to 25% below the cost of local production. This situation resulted in very low yields for domestic producers, who had to sell very low prices, below their costs to keep their factories running.

Fibre2fashion News Desk - India


Must ReadView All

Amazon debuts on Fortune 500 top 10 list

Apparel/Garments | On 28th May 2018

Amazon debuts on Fortune 500 top 10 list

American e-marketplace Amazon has cracked Fortune 500’s top 10 list...

Courtesy: Ralph Lauren

Fashion | On 28th May 2018

Ralph Lauren posts Q4FY18 revenue at $1.5 billion

Ralph Lauren, a global leader in the design, marketing, and...

Fashion industry employs 300 mn workers globally: Report

Apparel/Garments | On 28th May 2018

Fashion industry employs 300 mn workers globally: Report

The fashion industry employs over 300 million people across the value ...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Eamonn Tighe
Nature Works LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Bani Batra

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

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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


May 2018

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

news category


Related Categories:

Advanced Search