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
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
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
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.