The European Union is to lift an anti-dumping tax on polyester staple fibres from Taiwan after the dumping margin of Taiwanese exporters dropped below 2 per cent.

The tax was imposed by the EU on 16 December 1988.

According to official statistics, Taiwan exported polyester staple fibre products worth US$90 million to EU nations in 2004.

Anti-dumping taxes of between 5.7 per cent and 10.6 per cent will still apply to polyester staple fibres from South Korea; between 4.9 per cent and 49.7 per cent on those from China; and 20.9 per cent on those from Saudi Arabia.