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Anti-dumping duty on PTA imports from Thailand & Korea
13 Aug '10
2 min read
The Chinese Ministry of Commerce has made a final determination after investigation of PTA imports. The probe has come to a conclusion that, PTA originating from South Korea and Thailand has caused substantial damage to PTA industry in China and accordingly, will impose anti-dumping duties on PTA imports from these two countries.
South Korean PTA exporters like Hyosung Corp will pay 2.6 percent, Samsung Petrochemicals, 2.0 percent; SK Petrochemicals, 11.2 percent; Samnam Petrochemicals, 3.7 percent; KP Chemical, 2.0 percent; Taekwang Industrial, 2.4 percent and other Korean PTA exporters will have to pay anti-dumping duties amounting to 11.2 percent.
In case of PTA imports from Thailand, Indorama Petrochemicals will have to pay 16.9 percent; Siam Mitsui PTA Co, 6.0 percent; TPT Petrochemicals, 12.9 percent and other Thailand based PTA exporters will have to pay 20.1 percent anti-dumping duty when exporting PTA to China.
These anti-dumping duties have been made effective from August 12, 2010 and the duties would be imposed for a period of five years from the implementation date.
It may be recalled that the Ministry of Commerce had issued a notice in February 2009 and had decided to launch anti-dumping investigation against terephthalate imports originating from South Korea and Thailand. The investigated products are classified under tariff numbers; 29173611 and 29173619.
According to the survey results and provisions of Article 24 under "Anti-dumping Ordinance of the People's Republic of China ", a notice of the preliminary ruling was issued on February 2010, confirming that PTA imports were causing harm to China's domestic industry due to which it had suffered material injury.
South Korean PTA exporters like Hyosung Corp will pay 2.6 percent, Samsung Petrochemicals, 2.0 percent; SK Petrochemicals, 11.2 percent; Samnam Petrochemicals, 3.7 percent; KP Chemical, 2.0 percent; Taekwang Industrial, 2.4 percent and other Korean PTA exporters will have to pay anti-dumping duties amounting to 11.2 percent.
In case of PTA imports from Thailand, Indorama Petrochemicals will have to pay 16.9 percent; Siam Mitsui PTA Co, 6.0 percent; TPT Petrochemicals, 12.9 percent and other Thailand based PTA exporters will have to pay 20.1 percent anti-dumping duty when exporting PTA to China.
These anti-dumping duties have been made effective from August 12, 2010 and the duties would be imposed for a period of five years from the implementation date.
It may be recalled that the Ministry of Commerce had issued a notice in February 2009 and had decided to launch anti-dumping investigation against terephthalate imports originating from South Korea and Thailand. The investigated products are classified under tariff numbers; 29173611 and 29173619.
According to the survey results and provisions of Article 24 under "Anti-dumping Ordinance of the People's Republic of China ", a notice of the preliminary ruling was issued on February 2010, confirming that PTA imports were causing harm to China's domestic industry due to which it had suffered material injury.
Fibre2fashion News Desk - China
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