Illustrative image (Source: VNA)
 
Hanoi (VNA) - The US Department of Commerce (DOC) has announced the termination of anti-dumping investigation on polyester fibre imported from Vietnam.

Earlier, on June 20, DOC officially initiated the investigation on polyester fibre imported from Vietnam, China, India, the Republic of Korea and Taiwan (China) based on petitions filed by DAK Americas LLC; Nan Ya Plastics Corporation, and Augira Polymers.

The plaintiffs alleged that polyester staple fibre products are being shipped to the US at prices lower than their normal value. In addition, dumping has caused significant damage to the domestic industry due to price depression.

The scope of these investigations covers fine denier polyester staple fibre, not carded or combed, measuring less than 3.3 decitex in diameter, coded HS: 5503.20.0025.

The withdrawal of the lawsuit was requested for only Vietnam, and the investigation still continues with China, India, the Republic of Korea and Taiwan (China).

According to the Ministry of Industry and Trade, Vietnam exported about 13,000 tonnes of fine denier polyester staple fibre with an estimated 12.4 million USD to the US in 2016, ranking third behind China (79.4 million USD) and India (14.7 million USD).-VNA