US initiates anti-dumping investigation on VN’s polyester

vietnamnet

The US Department of Commerce (DOC) last week announced the initiation of anti-dumping and countervailing duty investigations on the import of fine denier polyester staple fibre from China, India, Republic of Korea, Taiwan and Vietnam.

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Last year, Viet Nam shipped around US$12.4 million of polyester staple fibre to the US, ranking third behind China (US$79.4 million) and India (US$14.7 million).

These investigations are based on petitions filed by DAK Americas LLC; Nan Ya Plastics Corporation, America; and Auriga Polymers on May 31, 2017.

They allege that polyester staple fibre products are being shipped to the United States at prices lower than their normal value. In addition, dumping has caused significant damage to the domestic industry due to price depression.

The scope of these investigations covers fine denier polyester staple fibre, not carded or combed, measuring less than 3.3 decitex in diameter, coded HS: 5503.20.0025.

The alleged dumping margin for Viet Nam’s product is 64.73 per cent.

In 2016, imports of fine denier polyester staple fibre from Viet Nam were valued at an estimated US$12.4 million, ranking third behind China (US$79.4 million) and India (US$14.7 million).

The US International Trade Commission (ITC) is scheduled to make its preliminary injury determinations on or before July 17, 2017.

If the ITC determines that there is reasonable indication that imports of fine denier polyester staple fibre from mainland China, India, South Korea, Taiwan and Viet Nam materially injure or threaten material injury to the domestic industry in the United States, the investigations will continue, and the DOC will announce its preliminary countervailing determination in August and its preliminary anti-dumping determination in November this year.

VNS

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This entry was posted in Export - Xuất khẩu and tagged , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net). I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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