Home / Knowledge / News / Textiles / US to slap duties on PET resin from India, 3 others
US to slap duties on PET resin from India, 3 others
02
Apr '16
Indian exporters of polyethylene terephthalate (PET) resin to the US will now have to pay anti-dumping and countervailing duties after the US International Trade Commission (USITC) determined that a US industry is materially injured by the import of PET resin from Canada, China, India, and Oman. The USITC's decision came after the US Department of Commerce concluded are sold in the US at less than fair value and subsidized by the governments of China and India.

In a press release, the USITC said it also made negative findings with respect to critical circumstances with regard to imports of this product from India. As a result, goods that entered the US from India in the 90 days prior to August 15, 2015, will not be subject to retroactive countervailing duties, and goods that entered the US from India in the 90 days prior to October 15, 2015, will not be subject to retroactive antidumping duties (dates are the dates of the Department of Commerce's affirmative preliminary determinations).

All six Commissioners made affirmative material injury determinations and negative critical circumstances findings.

The Commerce Department will issue countervailing duty orders on imports of this product from China and India and antidumping duty orders on imports of this product from Canada, China, India, and Oman.

The anti-dumping duty on Indian PET will be between 8.03 per cent and 19.41 per cent, while the duty on PET from Oman will be 7.82 per cent. Canadian PET will pay a 13.6 per cent anti-dumping duty, while Chinese PET will be charged a duty of between 104.98 per cent and 126.58 per cent.

The US Commerce Department also will place countervailing duties of 6.83-47.56 per cent on Chinese PET and of 5.12-153.8 per cent on Indian PET. The department earlier had ruled that PET makers in Oman had not received countervailable subsidies.

PET resin is commonly used in the manufacture of carbonated soft drink, juice and water bottles, in food containers and as packaging for household, cosmetic, automotive and pharmaceutical products.

The USITC's investigation followed a petition filed on March 10, 2015 by DAK Americas LLC, M&G Chemicals and Nan Ya Plastics Corp. America charging that unfairly traded imports of PET resin from Canada, China, India and Oman were causing material injury to the domestic industry. Imports from the four target countries surged into the US market in recent years, displacing US producers' sales and market share. The domestic industry stated that this import surge was driven by low import pricing that caused US producers to suffer from reduced prices and profits.

"We have maintained throughout this case that the skyrocketing volume of imports of PET resin from Canada, China, India and Oman has injured the domestic industry with aggressive, dumped and subsidized prices. The domestic industry is extremely pleased that the Commission agreed and that these importers will now be subject to the discipline of trade orders to offset these practices," commented Paul Rosenthal of Kelley Drye, the lead trade counsel of the petitioners. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search