EU: New Developments on Indian Polyester Fiber Imports

European Union (EU) ministers have been asked to approve definitive anti-dumping and countervailing duties for Indian exports of polyester textured filament yarn, after European Commission (EC) investigations concluded under-priced imports are damaging EU producers.

The EC proposes a 7.9% anti-dumping duty, with lower duties for companies that cooperated with Commission inquiries. These include Madhya Pradesh's Indo Rama Synthetics (6.6%) and Mumbai's Reliance Industries (6.1%); as well as Chhabria Polyester Corporation, Microsynth Fabrics, Parasrampuria Industries, Sarla Polyester, (all of Mumbai), Modern Petrofils, of Baroda, and Nova Petrochemicals, of Surat: all will pay 3.7%.

Meanwhile, the Commission has formally proposed definitive safeguard duties of 9.1% to counteract the effect of public subsidies. Here cooperating companies again will attract lower rates: Chhabria (5.2%), Indo Rama (4.1%), Microsynth (5.2%), Modern Petrofils (5.2%), Nova (5.2%), Parasrampuria (5.2%), Sarla (5.2%) and Mumbai's Supertex Industries (5.2%). Reliance Industries would be exempt.

The EC has abandoned proceedings to impose safeguard duties on Indonesian exports of this product.

The move against Indian companies follows the imposition of provisional duties by the EU earlier this year and the subsequent dismissal by the Commission of objections to its initial conclusions.

The original duties were not enough to prevent one EU producer (Dupont SA) from ceasing production of the yarn, citing low European prices. The Commission proposes making the tariffs permanent based on damage caused to Unifi Textured Yarns Ltd. and Sinterama S.p.a..



Source: Textile Month