The South American country of Peru has lifted anti-dumping duties on Chinese blended fabrics, including rayon-viscose and cotton-fiber fabrics, among others.
The duties have been removed with effect from May 26, 2012, according to a statement issued by the National Institute for the Defense of Competition and Intellectual Property Protection.
The Peruvian Anti-Dumping and Subsidies Commission had imposed anti-dumping duties on Chinese blended fabrics in 2009. Subsequently, the Commission ordered a review of the levy in March this year.
In 2010, the Peru-China Free Trade Agreement (FTA) came into effect, which has greatly improved bilateral trade between the two countries.
Fibre2fashion News Desk - India
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