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US announces final CVD on fine denier PSF from China, India
19
Jan '18
The US secretary of commerce Wilbur Ross recently announced the affirmative final determinations in the countervailing duty (CVD) investigations of fine denier polyester staple fibre (PSF) from China and India, finding that exporters from both the nations received countervailable subsidies of 41.73-47.55 per cent and 9.50-25.28 per cent respectively.

The commerce department will instruct the customs and border protection office to collect cash deposits from importers of such fibre from China and India based on these final rates.

“The United States will no longer sit back and watch as its domestic businesses are destroyed by unfair foreign government subsidies. We will continue to take action on behalf of US industry to defend American businesses, workers, and communities adversely impacted by unfair imports,” a press release from the department said quoting Ross.

The investigation was carried out in response to a petition made by DAK Americas LLC, Nan Ya Plastics Corporation, America, and Auriga Polymers Inc.

In 2016, imports of fine denier polyester staple fibre from China and India were valued at an estimated $79.4 million and $14.8 million respectively.

From January 20, 2017, to January 17 this year, the department has initiated 84 anti-dumping and countervailing duty investigations, a 62 per cent rise from 52 in the previous year.

The CVD law provides US businesses and workers with an internationally-accepted mechanism to seek relief from the harmful effects of unfair subsidization of imports into the United States.

The US International Trade Commission (ITC) is conducting investigations to determine whether the domestic industry is harmed by imports of such fibre from China and India and is scheduled to make its final injury determinations on or before March 2.

If the ITC makes affirmative final injury determinations, the commerce department will issue CVD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued.

The US customs and border protection office began collecting anti-dumping (AD) duties on imports of such fibre from China, India, Korea and Taiwan following preliminary anti-dumping determinations by the commerce department that producers and exporters from these four countries were selling merchandise at less than fair value. (DS)

Fibre2Fashion News Desk – India


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