MOSCOW (MRC) -- Following a petition from a domestic producer requesting imposition of anti-dumping duty on imports of polyethylene terephthalate (PET), the Government of Malaysia has decided to initiate a preliminary investigation on imports of PET from the People’s Republic of China, the Republic of Indonesia and the Republic of Korea, said Mpponline.
The petitioner alleges that imports of PET originating in or exported from these countries are being dumped into Malaysia at a price much lower than the price in the domestic market and thus is causing material injury to the domestic industry in Malaysia.
The petitioner further claims that the imports from the alleged countries have increased in terms of absolute quantity. As a result, the domestic producers are reeling under pressure of price undercutting, price depression, price suppression, loss of market share, reduction in domestic sales, and decline in profitability and low return on investment.
In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related Regulations, a preliminary determination will be made within 120 days from the date of initiation. If the preliminary determination is affirmative, the Government may impose a preliminary anti-dumping duty at the rate that is necessary to prevent further injury.
As MRC wrote before, Malaysia has imposed anti-dumping duties on polyethylene terephthalate (PET) imported from Thailand and biaxially-oriented polypropylene (BOPP) from China, Indonesia, Taiwan, Thailand and Vietnam. The duty on PET from Thailand will increase to 49.25% from zero for the period from 21 April 2011 through 20 April 2016. For BOPP imported from China, Taiwan, Thailand and Vietnam, a permanent anti-dumping duty of up to 12.37% will apply from 24 April 2013 to 22 Apr. 2018.
MRC