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Malaysia terminates anti-dumping duty on Thai PET
22
Oct '16
PET polymer chain
PET polymer chain
The Malaysian government has decided to terminate the anti-dumping duty imposed on the imports of polyethylene terephthalate (PET) originating in or exported from Thailand. The decision by the ministry of international trade and industry (MITI) is based on information gathered during the administrative review (expiry) investigation concerning such duties.
 
On 20 April 2016, the Government of Malaysia initiated an administrative review (expiry) investigation concerning anti-dumping duties imposed on imports of PET originating in or exported from Thailand based on a petition filed by MPI Polyester Industries Sdn. Bhd. (MPIPI).
 
“The Government of Malaysia based on information gathered during the review has decided to terminate the anti-dumping duty imposed on the imports of PET originating in or exported from Thailand in accordance with Section 28 (6) of the Countervailing and Anti-Dumping Duties Act 1993,” MITI said in a statement. 
 
PET is the most common thermoplastic polymer resin of the polyester family and is used in fibres for clothing, containers for liquids and foods, thermoforming for manufacturing, and in combination with glass fibre for engineering resins. In the context of textile applications, PET is referred to by its common name, polyester, whereas the acronym PET is generally used in relation to packaging. Polyester makes up about 18 per cent of world polymer production and is the fourth-most-produced polymer. (RKS)

Fibre2Fashion News Desk – India


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