In a move that will benefit the local man-made fibre (MMF) sector, the Directorate General of Trade Remedies has suggested a five-year anti-dumping penalty on polyester spun yarn from facilities in China, Indonesia, and Vietnam ranging from $4 per tonne to $281 per tonne.
India’s Directorate General of Trade Relations (DGTR) has recommended the imposition of anti-dumping duties on polyester spun yarn imported from China, Indonesia and Vietnam, except Nepal. Dumping is said to take place when imports are at prices lower than the normal value or the price in the domestic market of exporting country. Material injury is caused when the domestic industry suffers losses due to dumping.
The imports increased in absolute terms as well as in relation to production and consumption and were undercutting the prices of the domestic industry.
The duties on polyester spun yarn imported from China, Indonesia and Vietnam have been recommended by the Directorate General of Trade and Industry (DGTR) in a report. The report noted that the injury margin determined in the present investigation was substantially lower than the dumping margin. These duties, once implemented, will be applicable for five years.
- In-Depth Analysis2021.12.16Cotton Yarn/Fabric Market Report – 16th December, 2021
- Industry And Cluster2021.12.16CITI Elects New Office-Bearers for the year 2021-22
- News & Insights2021.12.16Global Smart Textiles Market Estimated to be Valued at US$ 6.6 Billion by 2026 | MarketsandMarkets™ Study
- Articles2021.12.16Can Waste Wool Replace Bubble Wrap?