The US Department of Commerce has initiated anti-dumping duty investigations to determine whether imports of polyethylene terephthalate (PET) resin from Brazil, Indonesia, South Korea, Pakistan and Taiwan are being dumped in the US.
The investigations were initiated following the filing of petitions by major US synthetic fibre producers DAK Americas, Indorama Ventures USA, M&G Polymers USA, and Nan Ya Plastics Corporation on 26 September 26.
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“The Department of Commerce will ensure a full and fair assessment of the facts, and, if the rules are being broken, will act swiftly to halt any unfair trade practices,” said US Secretary of Commerce Wilbur Ross. “The US market is the most open in the world, but we must ensure US businesses and workers are treated fairly.”
The estimated dumping margins alleged by the petitioners range from 18.76% to 115.87%, 8.49% to 53.50%, 55.74% to 101.41%, 25.03% to 43.40%, and 14.67% to 45% for Brazil, Indonesia, Korea, Pakistan, and Taiwan, respectively.
The Commerce Department says it will determine whether imports of PET resin from Brazil, Indonesia, Korea, Pakistan, and Taiwan are being dumped in the US market at less than fair value. If they are found to be doing so, duties will be imposed on those imports in the amount of dumping found to exist.
In 2016, imports of PET resin from Brazil, Indonesia, Korea, Pakistan, and Taiwan were valued at an estimated $51.7m, $35.7m, $24m, $34.1m, and $109.8m, respectively.
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By GlobalDataFrom 20 January 2017 through to 17 October 2017, the Commerce Department has initiated 70 AD and countervailing duty (CVD) investigations – a 46% increase over the previous year.
