The Ministry of Finance in Indonesia has announce that, polyester staple fibre (PSF) imports from various countries like India, China and Taiwan, will henceforth, attract anti-dumping duty.
The duties will vary from country to country and may also be different for suppliers from the same country.
The domestic textile industry has vehemently objected to the new policy, because it could impact the domestic spinning sector to a very great extent, since it is facing shortage of raw materials.
It says that cotton prices have climbed steeply in the past few months along with which there are wide fluctuations, which has led spinners to switch to other fibres like PSF.
The local PSF producers are not able to meet the requirement of the domestic industry as they too are exporting the fibre, which necessarily means that, the spinners have to import PSF from various countries.
In the light of the same, the textile sector has requested the Finance Ministry to reconsider the decision.
Fibre2fashion News Desk - India
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