45.23% Anti-dumping Duty: US to Impose Anti-dumping Duties on Polyester Fibers Imported from Asian Countrie | BusinessKorea

Sunday, January 21, 2018

US Commerce Department made a preliminary determination to impose anti-dumping duties on their fine denier polyester staple fibers imported from China, India, South Korea and Taiwan.
US Commerce Department made a preliminary determination to impose anti-dumping duties on their fine denier polyester staple fibers imported from China, India, South Korea and Taiwan.
Seoul, Korea
21 December 2017 - 10:45am
Jung Min-hee

U.S. Secretary of Commerce Wilbur Ross said on December 19 (local time) that he confirmed the fact that exporters sold their products at prices lower than fair values and made a preliminary determination to impose anti-dumping duties on their fine denier polyester staple fibers.

Specifically, the anti-dumping duties to be applied to Chinese companies range from 52.66% to 170.92%. The rate is up to 45.23% for South Korean companies, up to 48.86% for Taiwanese, and 0.66% to 15.66% for Indian.

Last year, South Korea exported fine denier polyester staple fibers worth a total of US$10.6 million to the United States. The amount was US$79.4 million, US$14.7 million, and US$9.6 million for China, India, and Taiwan, respectively.

The U.S. Department of Commerce is planning to make the final determination on March 5, 2018.

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