INDIA: Begins safeguard duty probe on spandex imports
India's Directorate General of Safeguards has initiated an investigation into imports of bare elastomeric filament yarn, also known as spandex, ahead of a decision on imposing safeguard duties.
A notice filed by Customs and Excise shows an application has been submitted for the imposition of safeguard duty on imports of spandex into India to protect a domestic producer from "serious injury/threat of serious injury" from a surge in shipments.
The producer is Indorama Industries, which claims to be the only producer of the yarn in India, therefore accounting for 100% of total domestic production.
The company is seeking the imposition of safeguard duty on imports for a period of three years.
It is also seeking provisional safeguard duty in view of "steep deterioration in performance of the domestic industry as a result of increased imports of product under consideration".
The yarn is imported into India from a number of countries, but primarily from Vietnam, Korea, China, Singapore, Taiwan and Thailand.
- Gap and H&M back Myanmar path to labour reform
- Levi Strauss raises the bar on sustainability
- Nike reaffirms US production commitment
- Can technology shape a sustainable fashion future?
- H&M faces margin pressure on dollar impact
- Talks progressing on Myanmar minimum wage
- Fast Retailing supplier continues strike talks
- Hugo Boss in talks over supplier labour claims
- Myanmar minimum wage set at US$3.2 per day
- Far Eastern to invest $323m in Vietnam textile hub
- Global market review of lingerie - forecasts to 2020
- World Textile and Apparel Trade and Production Trends: The EU - May 2015
- Wool in the 21st Century: new prospects for a familiar fibre
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Apparel Retail: Top 5 Emerging Markets Industry Guide