US starts investigation on PET imports from five countries
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, the US Department of Commerce has begun an antidumping probe into PET imports from Brazil, Indonesia, South Korea, Pakistan and Taiwan this week.
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.
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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