EU to review PET anti-dumping duties against several Asian countries

28-Feb-12

The European Commission plans to review continuation of anti-dumping duties for polyethylene terephthalate (PET) resin coming to the European Union from India, Indonesia, Malaysia, Taiwan and Thailand, according to the Official Journal of the European Union as per Platts. Anti-dumping measures on PET resin coming from India, Indonesia, Malaysia, Thailand and Taiwan have been in place since November 27, 2000, with an expiry review announced in 2005 and a continuation of the anti-dumping dumping published on Febuary 27, 2007 for a five year period. European buyers of PET resin could possibly benefit with a wider choice of imports if the anti-dumping duties do expire. The anti-dumping measures currently in force for these were scheduled to expire on Tuesday, February 28, five years after the definitive measures came in to force in 2007. On November 25, 2011, the PET committee of Plastics Europe requested an expiry review. "The applicant has provided evidence that should the measures be allowed to lapse, the current import level of the product under review is likely to increase due to the existence of unused capacity in the countries concerned," the EC wrote. Current anti-dumping rates vary from country to country and are different for specific producers. For example, in India, anti-dumping rates to bring PET resin into the European Union are from Eur87.50-200.90/mt, while in Malaysia, the anti-dumping rates range from Eur36-160.10/mt.