INITIATION OF ANTI-DUMPING INVESTIGATION CONCERNING IMPORTS OF POLYETHYLENE TEREPHTHALATE ORIGINATING IN OR EXPORTED FROM THE PEOPLE’S REPUBLIC OF CHINA, THE REPUBLIC OF INDONESIA AND THE REPUBLIC OF KOREA
On 19 May 2014, the Government of Malaysia has received a petition from a domestic producer requesting imposition of anti-dumping duty on imports of polyethylene terephthalate. The petitioner alleges that imports of polyethylene terephthalate originating in or exported from the People’s Republic of China, the Republic of Indonesia and the Republic of Korea are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged countries. The petitioner claims that this 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 petitioner had suffered material injury, among others, price undercutting, price depression, price suppression, loss of market share, reduction in domestic sales, decline in profitability and low return on investment.
Based on the official petition received, the Government has therefore decided to initiate a preliminary investigation on imports of polyethylene terephthalate from the People’s Republic of China, the Republic of Indonesia and the Republic of Korea.
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.
MITI has provided a set of questionnaires in relation to this investigation. All interested parties (importers, foreign producers, exporters and associations) may request for the questionnaires no later than 30 June 2014. Interested parties are also invited to make their views known in writing, in particular by replying to the questionnaires with supporting evidence to MITI on or before 15 July 2014. In the event of no additional information is received within the specified period, the Government may make its preliminary findings based on the available facts.
Further enquiries regarding this investigation can be directed to:
Director
Trade Practices Section
Ministry of International Trade and Industry (MITI)
Level 14, Block 8, Government Offices Complex
Jalan Duta
On 19 May 2014, the Government of Malaysia has received a petition from a domestic producer requesting imposition of anti-dumping duty on imports of polyethylene terephthalate. The petitioner alleges that imports of polyethylene terephthalate originating in or exported from the People’s Republic of China, the Republic of Indonesia and the Republic of Korea are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged countries. The petitioner claims that this 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 petitioner had suffered material injury, among others, price undercutting, price depression, price suppression, loss of market share, reduction in domestic sales, decline in profitability and low return on investment.
Based on the official petition received, the Government has therefore decided to initiate a preliminary investigation on imports of polyethylene terephthalate from the People’s Republic of China, the Republic of Indonesia and the Republic of Korea.
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.
MITI has provided a set of questionnaires in relation to this investigation. All interested parties (importers, foreign producers, exporters and associations) may request for the questionnaires no later than 30 June 2014. Interested parties are also invited to make their views known in writing, in particular by replying to the questionnaires with supporting evidence to MITI on or before 15 July 2014. In the event of no additional information is received within the specified period, the Government may make its preliminary findings based on the available facts.
Further enquiries regarding this investigation can be directed to:
Director
Trade Practices Section
Ministry of International Trade and Industry (MITI)
Level 14, Block 8, Government Offices Complex
Jalan Duta
No announcement for today.