US producers file ADD petitions on PET from five countries
The US producers stated that low-priced imports from those five countries were being sold at unfair value in the United States and threatening the domestic market with their massive and growing production capacities. The US majors also claimed that the industry would continue to suffer unless anti-dumping duties were imposed on certain PET imports.
According to the petitioners, the import volume for PET increased over 305% between 2014 and 2017. Brazil is reportedly has the largest dumping margins with 18.76%-114.84%, followed by Indonesia (8.49%-95.06%), South Korea (58.73%-103.48%), Pakistan (27.69%-59.92%) and Taiwan (18.27%-45-97).
Previously, Indonesia started to implement a 5% customs duty on PET imports from China in March 2017 while Canada announced on August 18 that they launched an anti-dumping investigation on certain PET resin from China, India, Oman and Pakistan.
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