INDIA: EU Maintains Anti-Dumping Duty On Fibre
The EU and Turkey are to continue to place anti-dumping duties on imports of Indian polyester staple fibre and polyester textured filament yarn, officials said on Tuesday.
The EU is maintaining an anti-dumping duty of 14-35 per cent on polyester staple fibre from India, while Turkey is maintaining anti-dumping duty of 66-33 per cent on polyester textured filament yarn.
Other hurdles facing Indian fibre exports include preferential trade terms handed to other fibre producing nations and the launch of an anti-subsidy/anti-dumping investigation on polyester textured filament yarn.
As a result, overall exports to the EU are set to fall this year after recent periods of sustained growth.
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