A yarn production workshop of the Dinh Vu polyester fibre plant (Photo: PetroVietnam) Hanoi (VNA) – Turkey’s Ministry of Trade is carrying out a sunset review of the anti-dumping measures applicable to polyester yarn imported from China, Indonesia, Malaysia, Pakistan, Thailand, and Vietnam.
According to the Vietnamese trade office in Turkey, the ministry initiated the dumping investigation in 2012, and subsequently slapped anti-dumping taxes ranging between 19.48 percent and 26.25 percent on Vietnamese yarn for a period of five years starting from April 2014.
In this sunset review, the Turkish ministry will decide whether or not it will extend the application of the duties on the polyester yarn coded HS 5508, 5509 (excluding 5509.52, 5509.61, 5509.91), 5510 (excluding 5510.20), and 5511.
The Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade recommended that Vietnamese exporters provide sufficient information for the Turkish ministry during the review to ensure positive results for the case.
Previously in February 2017, the Turkish Ministry of Economy launched a preliminary investigation on partially oriented yarn (POY) imported from China, India, Malaysia, Indonesia, Taiwan, Thailand, and Vietnam during the period from January 1, 2010 to December 31, 2016, following a petition from the Korteks Mensucat ve Sanayi Anonim Sirketi Company.
The ministry concluded that there was a significant increase in POY imports that reduced the effect of anti-dumping measures on polyester fibres. As a result, the Turkish authorities decided the POY imports from Vietnam would be subject to an anti-dumping tax of 8 percent on cost, insurance, and freight prices.–VNA
VNA
