The US Department of Commerce has ruled imports of polyester textured yarn from Indonesia, Malaysia, Thailand, and Vietnam are being unfairly sold below their fair value.
Its decision means US Customs and Border Protection will now begin collecting antidumping duties (AD) in the amount equal to the dumping cash deposits rates for imports from each country.
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Importers will be required to post duty deposits at these AD rates on the date the preliminary determinations are published in the Federal Register. This will continue until investigations are concluded later this year at which time the duties could change.
Imports of polyester textured yarn from China and India are currently subject to significant double- and triple-digit AD and countervailing duties as a result of prior investigations that concluded in January 2020.
The decision follows an investigation after two major US synthetic yarn producers – Unifi Manufacturing, Inc and Nan Ya Plastics Corporation, America – filed petitions with the Commerce Department and the US International Trade Commission (USITC) in October 2020 alleging that dumped imports of polyester textured yarn from Indonesia, Malaysia, Thailand, and Vietnam are causing material injury to the domestic industry.
The Commerce Department initiated the investigations in November 2020, and the USITC preliminarily determined in December 2020 that imports from the four countries are causing injury to the US domestic industry.
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By GlobalData
