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Turkey imposes temporary duty on POY from 7 countries
18
Aug '17
Turkish ministry of economy has announced imposition of provisional anti-dumping duty on partially oriented yarn (POY) with HS code 5402.46 imported from seven countries—China, India, Malaysia, Indonesia, Taiwan, Thailand and Vietnam. The ministry said that the volume of imported POY increased considerably during January 1, 2010 to December 31, 2016.

The ministry had launched a preliminary investigation in February this year following a petition from Korteks Mensucat ve Sanayi Anonim Sirketi company. According to the data obtained from Turkish Statistical Institute, it was determined that POY imports had increased considerably, especially after 2010, the ministry said in an official communiqué.

The share of Turkish POY imports from the above mentioned seven countries was 99.1 per cent in 2014 and 2015, and it was 99.2 per cent in 2016. In terms of volume, it has increased from 159,960,807 kg in 2010 to 295,789,479 kg in 2016.

The anti-dumping duty on POY from India, Taiwan, Thailand and Vietnam will be 10.15 per cent, 14.3 per cent, 18.85 per cent and 36.28 per cent respectively. The duty on import of POY from China, Indonesia and Malaysia would be levied at $263 per ton, $120 per ton and $138 per ton respectively, the communiqué said.

These duties will remain in effect until the final decision on the investigation is announced. (RKS)

Fibre2Fashion News Desk – India


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