Taipei, The United States International Trade Commission (USITC) has ruled in favor of polyethylene terephthalate (PET) resin exporters from Taiwan and another four countries after an anti-dumping investigation.
In a ruling issued Thursday, the USITC said it determined that PET resin imports from Taiwan, Brazil, Indonesia, South Korea and Pakistan did not cause material damage in or threaten material injury to the U.S. industry.
"As a result of the USITC's negative determination, no antidumping duty orders will be issued on imports of this product from Brazil, Indonesia, South Korea, Pakistan and Taiwan," the USITC said in a statement.
The USITC ruling came against a decision made by the U.S. Department of Commerce (DOC) in September that firms from the five economies sold PET resin at unfairly low prices in the U.S. market and imposed anti-dumping tariffs against the imports.
For Taiwan, tariffs ranging from 5.16 percent to 45 percent were imposed, according to the DOC's ruling.
The DOC said Far Eastern New Century Corp., Far Eastern Textile Ltd., and Worldwide Polychem (HK), Ltd. face a 5.16 percent anti-dumping rate, while the tariff imposed on Shinkong Synthetic Fibers Corp. is 45 percent. The four are Taiwan-based mandatory respondents in the case.
For other four countries, the tariffs imposed by the DOC ranged between 8.23 percent and 275.89 percent.
However, the DOC-imposed tariffs are pending the USITC ruling. Based on U.S. anti-dumping rules, if the USITC makes affirmative final injury determinations, the department will issue anti-dumping orders on the involved petrochemical products.
In 2017, Taiwan sold US$154 million-worth of PET resin to the U.S., the highest among the five exporters, ahead of Brazil with sales worth US$153 million.
Source: Focus Taiwan News Channel