The European Commission on complaints received from the PET Committee of Plastics, Europe, had initiated an anti-dumping investigation in September last, on imports of Polyethylene Terephthalate (PET) from Pakistan, Iran and United Arab Emirates (UAE).
In this regard, the EU is holding consultations with the Pakistanis. The PET committee had alleged that the Pakistani company which was supplying the raw material amounting to US $200 million per year, had cut-priced exports of PET to the EU.
A high ranking official in the European Commission told Fibre2fashion that, “Parallel anti-dumping and anti-subsidy investigations on imports of PET originating in Pakistan, Iran and UAE were initiated on 3 September 2009, following a complaint lodged by the PET Committee of Plastics, Europe on behalf of six community producers.
“These investigations are on going, thus we are not in a position to comment on the substance of the cases and all interests at stake, which include producers in Pakistan, other producers, importers and users in the European Union will be duly examined during the investigation.
“As to the timeline of the investigations, provisional measures, if any, should be imposed by 2 June 2010. With regard to the countervailing duty (CVD) investigation, the Commission had consultations with the Pakistani Government, in line with the provisions of EU law and WTO obligations, before the initiation of the investigation but also recently and points raised are investigated.”
In conclusion he said, “The Commission applies a vigorous system of checks and balances when conducting its AD/CVD investigations. Anti-dumping and anti-subsidy investigations are launched on the basis of valid complaints from industry, in conformity with strict WTO rules and the relevant EU law.”
Fibre2fashion News Desk - India