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

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search