USITC recommends remedies post probe into fine denier PSF imports

The president will make the final decision concerning whether to provide relief to the US industry and the type and amount of relief.

The recommendations include a four-year period of relief, a tariff-rate quota to be imposed on imports of fine denier polyester staple fibre from all countries covered by their affirmative injury determination, and a quantitative restriction to be set at zero in the first year of relief—increasing by a million pounds in each subsequent year over the duration of the safeguard—to be imposed on imports of fine denier polyester staple fibre entered as a temporary import under bond (TIB).

The action follows the Commission’s July 9 determination that fine denier polyester staple fibre is being imported into the United States in such increased quantities as to be a substantial cause of serious injury to the domestic industry producing an article like or directly competitive with the imported article.

The Commission will forward its report, which will contain its injury determination, remedy recommendations, certain additional findings, and the basis for them, to the president by August 26, an USITC release said.

Fibre2Fashion News Desk (DS)