Country to impose anti-dumping duties on polyester yarn imports

The polyester exporters from China and India receive illegal subsidies. The U.S. Department of Commerce has found this information recently and U.S. Customs and Border Protection have decided to collect duties to recover those subsidies.

Polyester makers Unifi Manufacturing Inc. of Greensboro, N.C., and Nan Ya Plastics Corp. America of Lake City, S.C., petitioned for relief from the subsidized imports in October.

Their petition was based on U.S. law that makes it illegal for foreign companies to price their products in the U.S. market below the cost of production or below prices in their home markets. This situation makes them subject to anti-dumping duties.

Companies that are receiving unfair subsidies from their governments, in the form of grants, loans, equity infusions, tax breaks or production inputs, are subject to countervailing duties aimed at countering those subsidies.

Following this, the Commerce Department issued affirmative preliminary determinations in the countervailing duty (CVD) investigations of imports of polyester textured yarn from China and India.

After an investigation, the agency found that exporters received illegal subsidies ranging from 32.04% to 459.98% from China, and 7.09% to 20.45% from India. The duties set to be collected will be in the amount equal to the subsidy rates for imports from each country.

 

 
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