As the US International Trade Commission (USITC) has not found ‘critical circumstances’ with respect to imports of polyester textured yarn (PTY) from China, such imports from that country will no longer be subject to retroactive anti-dumping and countervailing duty deposits that were first imposed in the preliminary determinations. US PTY producers have hailed the decision.
On December 12, USITC reached a unanimous affirmative decision in the final injury investigation on imports of PTY from China and India. The final affirmative determination is expected to be published at the end of this month. The US department of commerce is expected to publish the anti-dumping duty and countervailing duty orders in early January.As the US International Trade Commission has not found critical circumstances with respect to imports of polyester textured yarn (PTY) from China, such imports from there will no longer be subject to retroactive anti-dumping and countervailing duty deposits that were first imposed in the preliminary determinations. US PTY producers have hailed the decision.#
The orders will put into place the department's final dumping and subsidy margins that were published on November 14, according to a press release from Kelley Drye & Warren LLP, who represented the petitioning synthetic yarn producers Unifi Manufacturing Inc. and Nan Ya Plastics Corporation, America.
Based on the affirmative vote, importers must post cash deposits for each shipment of the subject imports, as indicated in a chart released. Importers' liability could increase or decrease depending on the extent of dumping and subsidization the commerce department finds when it conducts a review of the level of dumping and subsidies, which is expected to take place in 2021.
The petitioners are closely monitoring whether PTY from China or India is being shipped through third-party countries and then entering the United States market.
These two companies filed petitions in October 2018 alleging that dumped and subsidised imports of PTY from China and India are causing material injury to the domestic industry.
The investigation was initiated in November 2018 and the USITC preliminarily concluded in December 2018 that imports from China and India were causing injury to the US domestic industry.
Fibre2Fashion News Desk (DS)
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