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Turkey imposes anti-dumping duty on POY from 7 countries
06
Jul '18
Courtesy: Fancycrave.com from Pexels
Courtesy: Fancycrave.com from Pexels
Turkish ministry of economy has announced imposition of anti-dumping duty of 8 per cent on partially oriented yarn (POY) with HS code 5402.46 imported from seven countries—China, India, Malaysia, Indonesia, Taiwan, Thailand and Vietnam. The ministry said that the volume of imported POY increased considerably during January 1, 2010 to December 31, 2016.

The investigation was initiated on February 25, 2017 following a petition filed by Turkish textile manufacturer Korteks Mensucat ve Sanayi Anonim Sirketi. Subsequently, in July-August last year, the ministry had imposed temporary duty on POY from the seven countries. The final decision on the investigation was announced on June 21 this year.

According to the data obtained from Turkish Statistical Institute, the share of Turkish POY imports from the above mentioned seven countries was 99.1 per cent in 2014 and 2015, and it was 99.2 per cent in 2016. In terms of volume, it had increased from 159,960,807 kg in 2010 to 295,789,479 kg in 2016. (RKS)

Fibre2Fashion News Desk – India


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