DOC stops anti-dumping investigation against VN polyester fibre

The US Department of Commerce (DOC) has announced the termination of anti-dumping investigation on polyester fibre imported from Vietnam.

Saturday, July 22, 2017 16:39

DOC stops anti-dumping investigation against VN polyester fibre ảnh 1

Illustrative image (Source: VNA)

Hanoi (VNA) - The US Department ofCommerce (DOC) has announced the termination of anti-dumping investigation onpolyester fibre imported from Vietnam.

Earlier, on June 20, DOC officially initiated theinvestigation on polyester fibre imported from Vietnam, China, India, the Republicof Korea and Taiwan (China) based on petitions filed by DAK Americas LLC; NanYa Plastics Corporation, and Augira Polymers.

The plaintiffs alleged that polyester staplefibre products are being shipped to the US at prices lower than their normalvalue. In addition, dumping has caused significant damage to the domesticindustry due to price depression.

The scope of these investigations covers finedenier polyester staple fibre, not carded or combed, measuring less than 3.3decitex in diameter, coded HS: 5503.20.0025.

The withdrawal of the lawsuit was requested for onlyVietnam, and the investigation still continues with China, India, the Republicof Korea and Taiwan (China).

According to the Ministry of Industry and Trade, Vietnamexported about 13,000 tonnes of fine denier polyester staple fibre with anestimated 12.4 million USD to the US in 2016, ranking third behind China (79.4million USD) and India (14.7 million USD).-VNA

VNA

#US Department of Commerce #termination #anti-dumping investigation on polyester fibre #Vietnam #price depression #lawsuit

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