Turkey launches safeguard investigation on nylon yarn

As per a notification issued by the WTO, Turkey had initiated the safeguard investigation on December 30, 2018.

The product under investigation ‘yarn of nylon’ are currently classified in the Turkish Customs Tariff Schedule under the customs tariff codes 5402.31, 5402.32.00.00.00, 5402.45, 5402.51 and 5402.61.

The investigation was initiated upon an evaluation of a safeguard petition from the domestic Turkish textile industry and on the basis of the evidence and the information contained therein.

“The information currently available indicates that there has been an increase in imports of yarns of nylon both in absolute terms, and relative to domestic production. During the period analysed, there has been a negative trend in certain economic indicators, such as production, domestic sales and employment, of producers of the like product. Furthermore, imported products undercut the prices of the domestic products. Overall, the information currently available shows that there has been a deterioration in the situation of the domestic industry,” the Turkish government said while initiating the safeguard investigation.

During a safeguard investigation, importers, exporters and other interested parties may present evidence and views and respond to the presentations of other parties. A WTO member may take a safeguard action (i.e. restrict imports of a product temporarily) only if the increased imports of the product are found to be causing, or threatening to cause, serious injury. (RKS)

Fibre2Fashion News Desk – India