Malaysia’s Ministry of International Trade and Industry (MITI) has launched an anti-dumping investigation on imports of polyethylene terephthalate (PET) with an intrinsic viscosity of 0.70 decilitres/gram or more from China, South Korea, Indonesia, Vietnam, Japan, and the US. The investigation will be in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and cover a Period of Injury Determination (POID) of January 1, 2017, to December 31, 2019.
The probe follows a petition from local PET producer Recron (Malaysia) Sdn. Bhd., on behalf of the Malaysian industry. The petition alleges that PET suppliers from the aforementioned countries had conducted dumping practices. According to the petitioner, the dumping caused material injuries for the Malaysian industry, including reduced market share, sales drop, price depression, a decline in actual production and cash flow, as well as reduction in return on investment.
As SSESSMENTS.COM noted, supplies of PET with HS Codes of 3907.61.0000 and 3907.69.1000 from the alleged countries contributed to 88.7% of Malaysia’s total imports in 2019. China accounted for the largest share of 46.6%, followed by South Korea (12.6%), Indonesia (11.4%), Vietnam (7.8%), Japan (7.2%), and the US (3.1%).
Tags: Americas,Asia Pacific,China,English,Indonesia,Japan,Korea,Malaysia,NEA,News,PET,SEA,US,Vietnam
Published on July 30, 2020 2:29 PM (GMT+8)Last Updated on September 18, 2020 11:07 AM (GMT+8)
