The US department of commerce has announced its final determinations that imports of polyester textured yarn from Indonesia, Malaysia, Thailand and Vietnam are being unfairly sold below their fair value in the US. The department has thus calculated antidumping duty (ADD) cash deposit rates that range from 2.58 per cent to over 56 per cent.
As a result of the final determinations, U.S. Customs and Border Protection will continue to collect antidumping duties in the amount equal to the final dumping cash deposits rates for imports from each producer or country. Importers will be required to post duty deposits at these ADD rates on the date the final determinations are published in the Federal Register, in approximately one week.
The next step in the trade cases will be the US International Trade Commission's (USITC) final determination of whether imports from the four countries are a cause of material injury or threaten to materially injure domestic polyester textured yarn producers. The USITC is currently scheduled to announce its final determination on November 30, 2021.
The lead counsel for the domestic industry, Paul Rosenthal of Kelley, Drye & Warren, LLP, commented, "The commerce department's decisions are a big step in the right direction for the US companies and workers who are now closer to getting relief from the unfairly traded imports that have jeopardised the industry. The companies and workers are grateful for the hard work of the commerce department. We hope for a similarly favourable decision from the USITC so that more workers can return to their jobs in this important industry."
In October 2020, two major US synthetic yarn producers – Unifi Manufacturing, Inc and Nan Ya Plastics Corporation, America – filed petitions with the commerce department and the USITC alleging that dumped imports of polyester textured yarn from Indonesia, Malaysia, Thailand and Vietnam were causing material injury to the domestic industry. The commerce department initiated the investigations in November 2020, and the USITC preliminarily determined in December 2020 that imports from the four countries are causing injury to the US domestic industry.
Imports of polyester textured yarn from China and India are currently subject to significant double- and triple-digit ADD and countervailing duties as a result of prior investigations that concluded in January 2020.
Fibre2Fashion News Desk (KD)
