Japan to impose ADD on Chinese PET for the rest of 2017
In September 2016, the Japanese government launched an antidumping investigation on imports of PET from China upon the request of four companies, including Mitsui Chemicals.
According to Reuters, the rates of the antidumping duties have not been officially set, but they are expected to range from 39.8% to 53%. Currently, Japan imposes no duty on Chinese PET.
Japan imported a total of around 365,000 tons of PET from China in the year ended March 2016, up 22% on a year over year basis. It accounted for around 55% of the country’s total PET imports.
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