Tuesday, November 22, 2005

Pakistan imposes anti-dumping duties on polyester yarn

Pakistan imposes anti-dumping duties on polyester yarn

Pakistan has placed anti-dumping duties of up to 37 per cent on imports of polyester filament yarns. The duties will apply to over 30 companies heralding from four Asian countries: Malaysia, South Korea, Indonesia and Thailand.
  • Pakistan's National Tariff Commission (NTC) has moved to prevent dumping of polyester fabrics in HS categories 5402 3300 (textured polyester yarn filaments) and 5402 4300 (single, untwisted polyester filament yarn).

  • Provisional dumping duties, lasting for four months, range from 4 to 37 per cent on companies based in Malaysia, South Korea, Indonesia and Thailand.

  • A final decision on anti-dumping duties will be made six months following the statement release.

The NTC decided on 12 November to uphold a complaint received by the Filament Yarn Manufacturers Association (FYMA) that polyester yarn was being "dumped" on the Pakistani market. The FYMA filed the complaint on 30 March and the NTC commenced investigations into 13 of the 38 identified companies exporting the yarn to Pakistan. In an official statement released on 12 November, it confirmed anti-dumping duties will be applicable to most of the companies investigated. The NTC looked into imports during the 12-months of 2004 to assess dumping, and a period of three-and-a-half years running until the end of 2004 to assess injury.

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