US producers of polyester textured yarn (PTY) have hailed the recent announcement by the department of commerce that PTY imports from Indonesia, Malaysia, Thailand and Vietnam are being unfairly sold below their fair value in the country. US customs and border protection will now begin imposing anti-dumping duties (ADD) equal to the dumping cash deposit rates for imports from each country.
Importers will be required to post duty deposits at these ADD rates on the date the preliminary determinations are published in the Federal Register. These deposits will be collected until the commerce department and the US International Trade Commission (USITC) conclude their investigations later this year. At that time, the duties could change, said a press release from Kelley Drye & Warren LLP, who are representing the petitioning companies.US polyester textured yarn (PTY) producers have hailed the department of commerce announcement that PTY imports from Indonesia, Malaysia, Thailand and Vietnam are being sold below their fair value in the country. US customs and border protection will now begin imposing anti-dumping duties equal to the dumping cash deposit rates for imports from each country.#
Imports of PTY from China and India are currently subject to significant double- and triple-digit ADD and countervailing duties as a result of prior investigations that concluded in January 2020.
Two major US synthetic yarn producers—Unifi Manufacturing and Nan Ya Plastics Corporation, America—filed petitions with the commerce department and the USITC in October 2020 alleging that dumped imports of PTY from these four countries are causing material injury to the domestic industry.
The commerce department initiated the investigations in November 2020, and the USITC preliminarily determined in December 2020 that imports from the four countries are causing injury to the US domestic industry.
PTY is synthetic multi-filament yarn manufactured from polyester (polyethylene terephthalate).
ALCHEMPro News Desk (DS)
marketing@alchempro.com
