US starts investigation on PET imports from five countries
Four major US producers had previously filed petitions with the Department of Commerce asking to impose antidumping duties against the aforementioned five countries last month.
The petitioners had claimed that the import volume for PET increased immensely during the last 3 years with Brazil reportedly having the largest dumping margins with 18.76%-114.84%, followed by Indonesia, South Korea, Pakistan and Taiwan.
The department is expected to investigate whether PET imports from these five countries are being sold at unfair prices in the United States. The department will announce its preliminary report by March 5, 2017 in case it determines a threat against the domestic market.
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