US gives preliminary conclusions on anti-dumping of local PTY products
VOV.VN - The Trade Remedies Authority under the Ministry of Industry and Trade has received information regarding the US Department of Commerce making preliminary conclusions on the anti-dumping investigation into Polyester Textured Yarn (PTY) products of Malaysia, Indonesia, Thailand, and Vietnam.
According to details given by the Trade Remedies Authority, the conclusions of the case were that Vietnamese enterprises were determined to have a dumping margin of between 2.67% and 22.82%.
Most notably, the preliminary dumping margin of Indonesian enterprises ranges from 7.45% to 26.07%, while that of Thai enterprises hovers between 14.8% to 56.08%. Meanwhile, all Malaysian businesses are subject to a flat tax rate of 17.35%.
After issuing the preliminary conclusions of the case, according to the practice of previous cases, the US Department of Commerce (DOC) may choose to conduct on-site verification of firms in the near future as a means of verifying the information submitted in the questionnaire.
Despite these plans, due to the impact of the novel coronavirus (COVID-19) pandemic, the DOC have announced that it will not conduct on-site verification, but will instead require businesses to provide additional information in order to verify data before making a final conclusion.
Therefore, the Trade Remedies Authority recommends that in the future relevant PTY yarn manufacturers and exporters continue to co-operate closely with the investigation agency and the Trade Remedies Authority as a means of ensuring positive results.
The investigation was initiated by the DOC on November 17, 2020, with the DOC expected to issue a final conclusion before October 9.