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Ministry launches investigation into anti-dumping duties on polyester yarn

The Ministry of Industry and Trade has issued a decision on investigating anti-dumping duties on polyester filament yarn (PFY) with HS codes: 5402.33.00, 5402.46.00 and 5402.47.00 originating from China, India, Indonesia and Malaysia.
Ministry launches investigation into anti-dumping duties on polyester yarn ảnh 1The garment-textile sector will be supported to make effective use of free trade agreements that Vietnam has signed. (Photo: VNA)


Hanoi (VNA) - The Ministry of Industry and Trade hasissued a decision on investigating anti-dumping duties on polyester filament yarn (PFY) with HScodes: 5402.33.00, 5402.46.00 and 5402.47.00 originating from China, India,Indonesia and Malaysia.

The investigation was conducted based on a 2019 requestfrom the domestic manufacturing industry, which accounted for 67.4 percent ofthe total domestic production.

According to General Department of Vietnam Customs,the amount of PFY imported into Vietnam rose to 185,000 tonnesin 2019 from 154,000 tonnes in 2017. The sharp increase is considered a majorcause of significant damage to Vietnam's PFY manufacturing industry.

During the investigation, the ministry willcontinue to assess the socio-economic impact to ensure the legitimate rightsand interests of importers, consumers, and domestic polyester filament yarnmanufacturers.

The ministry will also support the garment-textilesector to make effective use of free trade agreements that Vietnam has signedand meet requirements on the rules of origin./.

VNA
#Ministry of Industry and Trade #investigation #anti-dumping duties on polyester filament yarn (PFY) #China #India #Indonesia #Malaysia #garment industry #Vietnamplus #Vietnam News Agency
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