Turkey imposes anti-dumping evasion duties on Vietnam’s POY yarn
Turkey has decided to levy anti-dumping evasion duties of 8 percent on partially oriented yarn (POY) products imported from seven countries and territories including Vietnam, according to the Ministry of Industry and Trade.
Illustrative photo (Source: VNA)Hanoi (VNA) – Turkey has decided to levy anti-dumping evasion duties of 8 percent on partially oriented yarn (POY) products imported from seven countries and territories including Vietnam, according to the Ministry of Industry and Trade.
The ministry cited the Turkish Ministry of Economy’s announcement 2017/23 on June 21 on the final results of its anti-dumping duty evasion investigation into POY products from China, Indonesia, Malaysia, Indonesia, Taiwan (China), Thailand and Vietnam.
POY imported from Vietnam, coded HS: 5402.46, is the material to produce polyester yarn (PTY) which is currently subject to anti-dumping duties.
Turkey said the investigation found that from January 1, 2010 to December 31, 2016, the imported quantity of the POY had surged significantly, thus reducing the effect of anti-dumping measures applied to PTY.
The investigation was initiated on February 25, 2017 following a complaint filed by Turkish textile manufacturer Korteks Mensucat ve Sanayi Anonim Sirketi.-VNA
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