Polyester-fiber duty against Taiwan & Malaysia ends
22 Jun '07
1 min read
Six months ago the Polyester-fiber tariff was imposed by European Union on Malaysia and Taiwan, so as to protect EU producers from cheap imports.
The duties were imposed to curb dumping of polyester staple fiber from the two countries in Europe's 1.2 billion euro (US$1.6 billion) market. The duties were as high as 29.5 percent for Taiwan and 23 percent for Malaysia.
However, EU was compelled to end this Polyester-fiber duty as domestic producers are unable to meet the growing demand.
Around 30 percent of pillows, quilts, cushions and upholstery industry's production cost revolves around polyester staple fibers. Expenditure of these sectors rose almost 6-8 percent as a result of the duties.
The bedding industry was severely affected by the increased cost of production and started facing severe threat from the Chinese counterpart in the international market.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
