• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

US preliminary ADD determinations on PTY imports from 4 nations hailed

02 Jun '21
2 min read
Pic: Shutterstock
Pic: Shutterstock

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.

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).

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search