US initiates safeguard investigation into fine denier polyester staple fiber
VOV.VN - The United States International Trade Commission (USITC) has recently initiated a global safeguard investigation into fine denier polyester staple fiber imported into the US from many countries, including Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV).
The case was initiated by the USITC on February 28 following a petition filed by US manufacturers of fine denier polyester staple fibers, including Fiber Industries LLC d/b/a Darling Fibers, Nan Ya Plastics Corp, America, and Sun Fiber LLC.
These producers alleged that the import of fine denier polyester staple fiber coded HS 5503.20.0025 has increased sharply compared to domestic production and consumption, causing serious injury and having a negative impact on the domestic industry.
Relevant parties have 21 days from the date of publication of this notice in the Federal Register to join the investigation and receive information regarding the case.
If relevant parties do not register for the investigation, then they may submit a written statement of information pertinent to the consideration of injury on or before June 11 and pertinent to the consideration of remedy on or before July 29.
The USITC plans to make its injury determination by July 9 and will report to the President for consideration within 180 days after the date on which the petition was filed, or by August 26.
According to USITC’s statistics, Vietnam exported approximately US$5.9 million worth of the products to the US between 2021-2023, ranking eighth among global exporters and accounting for 3% of the US’ total import value of the products.
Earlier in 2017, products from the Republic of Korea, India, China, Taiwan (China), and Vietnam were all subject to an anti-dumping investigation by the US. Later, Vietnam was excluded from the scope of investigation at the request of the US producers.
At present, the 2017 decision remains in effect, with the exception of Vietnam.
