Home / Knowledge / News / Textiles / US initiates AD investigations on PSF from Korea, Taiwan
US initiates AD investigations on PSF from Korea, Taiwan
24
Jul '17
US secretary of commerce Wilbur Ross has announced the initiation of new antidumping duty (AD) investigations to determine whether imports of low melt polyester staple fibre (PSF) from Korea and Taiwan are being unfairly dumped in the US. These AD investigations are based on petitions filed by Nan Ya Plastics Corporation, America on June 27, 2017.

The investigations are expected to determine whether imports of low melt PSF from Korea and Taiwan are being dumped in the US market at less than fair value. The estimated dumping margins alleged by the petitioner for Korea and Taiwan are 39.24 to 52.23 per cent and 28.47 to 73.21 per cent, respectively.

If the commerce department determines that low melt PSF from Korea and Taiwan are being dumped into the US market, and if the US International Trade Commission (ITC) determines that dumped US imports of low melt PSF from Korea and Taiwan are causing injury to the US industry, the commerce department will impose duties on those imports in the amount of dumping found to exist, said the International Trade Administration in a press release.

In 2016, imports of low melt PSF from Korea and Taiwan were valued at an estimated $76.6 million and $26.8 million, respectively.

During the commerce department investigations, the ITC will conduct its own investigations into whether the US industry and its workforce are being harmed by such imports. The ITC will make its preliminary determinations on or before August 11, 2017. If the ITC preliminarily determines that there is injury or threat of injury then the commerce department investigations will continue, with preliminary antidumping determinations scheduled for December 2017, unless these deadlines are extended.

If the commerce department preliminarily determines that dumping is occurring, then it will instruct US customs and border protection to start collecting cash deposits from all US companies importing the subject low melt PSF from Korea and Taiwan.

Final determinations by the commerce department in these cases are scheduled for February 2018, but may be extended. If either the commerce department does not find that products are being dumped or the ITC does not find in its final determinations there is harm to the US industry, then the investigations will be terminated and no duties will be applied.

From January 20, 2017, through July 18, 2017, commerce department has initiated 53 antidumping and countervailing duty investigations. Commerce currently maintains 404 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.

Foreign companies that price their products in the US market below the cost of production or below prices in their home markets are subject to antidumping duties. Companies that receive unfair subsidies from their governments, such as grants, loans, equity infusions, tax breaks and production inputs, are subject to countervailing duties aimed at directly countering those subsidies. (KD)

Fibre2Fashion News Desk – India


Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

Relaxation in FDI norms will support growth of retail sector

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Vasudevan LK,

Vasudevan LK

Epson is a world leader in digital imaging and printing solutions....

Alphonse Reddy,

Alphonse Reddy

Bangalore-based Sunday designs and makes mattresses and accessories that...

Christiane Thies,

Christiane Thies

Founded in 1892, Thies has concentrated on the fabrication of high-quality ...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search