The Commerce Fee beneath the Ministry of Commerce, Trade and Vitality has determined to conduct an interim evaluation of anti-dumping obligation charges imposed on Chinese language PET movie and lift them to just about 10 occasions the present stage. This marks the primary time the Commerce Fee has utilized the interim evaluation system to re-examine anti-dumping obligation charges on the request of Korean firms.
The Commerce Fee introduced on Nov. 20 that it held its 466th assembly to deliberate and determine on anti-dumping obligation imposition on Chinese language PET movie. The core choice entails elevating the present 2.2~3.84% anti-dumping duties to 7.31~36.98%.
The PET topic to this evaluation is polyethylene terephthalate, a petrochemical product broadly utilized in each day life for beverage containers and packaging supplies. Anti-dumping duties have been imposed since Could 2023 because of intensifying low-price competitors from Chinese language merchandise. Nevertheless, the evaluation course of started in February this 12 months when 4 home firms together with Kolon Industries and Hyosung Chemical requested a rise in anti-dumping obligation charges. The choice is taken into account important as the federal government has resorted to anti-dumping obligation evaluation as a measure to stop Chinese language low-price dumping.
The Commerce Fee additionally held a public listening to on Nov. 20 for the sundown evaluation of anti-dumping duties on Saudi butyl glycol ether. A sundown evaluation is a process to find out whether or not to increase the applying of present anti-dumping duties after the unique imposition interval expires. Saudi butyl glycol ether is at the moment topic to a 43.58% anti-dumping obligation, and this sundown evaluation is analyzing whether or not to boost and apply it at 47.55%. The sundown evaluation outcomes are anticipated to be finalized within the first half of subsequent 12 months. Butyl glycol ether is a chemical product utilized in cleansing brokers and photosensitive supplies.
Moreover, the Commerce Fee performed a public listening to to find out the ultimate anti-dumping obligation price on Thai fiberboard. Fiberboard is a panel processed to a thickness of 5mm or much less by separating and extracting fiber from wooden or wooden merchandise. Anti-dumping duties on Thai fiberboard are additionally more likely to be finalized within the first half of subsequent 12 months. Within the meantime, the provisional duties (11.92~19.43%) confirmed on Sept. 25 will apply.
