Anti-dumping tariffs of up to 7.98% on Chinese PET resins

Anti-dumping duties of 7-7.98% are expected to be imposed on Chinese PET resins over the next five years.

The Trade Commission of the Ministry of Trade, Industry and Energy has finally decided that the domestic industry is suffering from dumping imports of the product and has decided to propose tariffs to the Minister of Strategy and Finance.

Earlier, TK Chemical, a South Korean company, demanded an investigation, saying four Chinese companies were dumping the products in South Korea.

At the same time, the Trade Commission also imposed provisional anti-dumping tariffs of 3.66 to 11.37% on Vietnamese stainless steel cold rolled products.

It has also decided to launch an anti-dumping investigation into Chinese carbon steel and alloy steel hot rolled plate products.