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Turkey imposes anti-dumping evasion duties on Vietnam’s POY yarn

Turkey has decided to levy anti-dumping evasion duties of 8 percent on partially oriented yarn (POY) products imported from seven countries and territories including Vietnam, according to the Ministry of Industry and Trade.
Turkey imposes anti-dumping evasion duties on Vietnam’s POY yarn ảnh 1Illustrative photo (Source: VNA)

Hanoi (VNA) – Turkey has decided tolevy anti-dumping evasion duties of 8 percent on partially oriented yarn (POY)products imported from seven countries and territories including Vietnam,according to the Ministry of Industry and Trade.

The ministry cited the Turkish Ministry ofEconomy’s announcement 2017/23 on June 21 on the final results of itsanti-dumping duty evasion investigation into POYproducts from China, Indonesia, Malaysia, Indonesia, Taiwan (China),Thailand and Vietnam.

POY imported from Vietnam,coded HS: 5402.46, is the material to produce polyester yarn (PTY) which iscurrently subject to anti-dumping duties.

Turkey said theinvestigation found that from January 1, 2010 to December 31, 2016, theimported quantity of the POY had surged significantly, thus reducing the effectof anti-dumping measures applied to PTY.

The investigation wasinitiated on February 25, 2017  followinga complaint filed by Turkish textile manufacturer Korteks Mensucat ve SanayiAnonim Sirketi.-VNA
VNA
#partially oriented yarn#Ministry of Industry and Trade#anti-dumping duty evasion investigation#POY products#polyester yarn#Turkey#Vietnam#VietnamPlus#Viet Nam News
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