U.S. ruling against Chinese exporters
welcomed by Taiwanese textile firms
The final rulings earlier by the United States Department of
Commerce that China and India have been dumping certain textiles
on the U.S. market were welcomed by most Taiwanese textile
exporters as a chance to compete in a fair market.
In a statement issued Nov. 14, the U.S. DOC said after an
investigation, it found that exporters from China and India had
dumped polyester textured yarn (PTY) in the U.S. market at
margins ranging from 76.07% to 77.15% and 17.62% to 47.51%,
respectively. The DOC said it has also issued a final ruling
after finding Chinese and Indian polyester textured yarn
received countervailable subsidies at rates ranging from 32.18%
to 473.09% and 4.29% to 21.83%, respectively.
Based on the findings, the Department of Commerce has imposed
anti-dumping and anti-subsidy tariffs on Chinese and Indian PYT
exporters. In response to the rulings, some Taiwanese companies
said the heavy anti-dumping and anti-subsidy tariffs imposed by
the U.S. in the case will give Taiwanese exporters a break from
the unfair competition waged by their Chinese counterparts.
Lealea Enterprises Co., a Taiwanese manufacturer of
artificial fiber, said it had almost given up on the U.S. market
due to the unfair competition from China. With the heavy tariffs
now imposed on Chinese PTY exporters, however, Taiwanese
companies will have a chance to return to the U.S. market.
According to industry sources, Chinese firms that face heavy
tariffs in the U.S. are likely to sell their products on the
domestic market, which would tighten the competition for
Taiwanese companies operating in China.