Posted at 6:29 PM
Today, the U.S. Department of Commerce announced the affirmative final determinations in the antidumping duty (AD) investigations of imports of polyethylene terephthalate (PET) resin from Brazil, Indonesia, Korea, Pakistan, and Taiwan.
Commerce determined that exporters have sold PET resin in the United States at the following less than fair value rates:
- Brazil – 29.68 to 275.89 percent
- Indonesia – 30.61 to 53.50 percent
- Korea – 8.23 to 101.41 percent
- Pakistan – 43.81 to 59.92 percent
- Taiwan – 5.16 to 45.00 percent
As a result of these decisions, Commerce will instruct U.S. Customs and Border Protection to continue to collect cash deposits from importers of PET resin from Brazil, Indonesia, Korea, Pakistan, and Taiwan based on these final rates.
In 2017, imports of PET resin from Brazil, Indonesia, Korea, Pakistan, and Taiwan were valued at an estimated $152.5 million, $44.9 million, $127.3 million, $82.6 million, and $154 million, respectively.
The petitioners are DAK Americas, LLC (Charlotte, NC), Indorama Ventures USA, Inc. (Decatur, AL), M&G Polymers USA, LLC (Houston, TX), and Nan Ya Plastics Corporation, America (Lake City, SC). Indorama Ventures USA, Inc. is not a petitioner with respect to the Indonesia investigation.
The strict enforcement of U.S. trade law is a primary focus of the Trump Administration. Since the beginning of the current Administration, Commerce has initiated 122 new antidumping and countervailing duty investigations – this is a 221 percent increase from the comparable period in the previous administration.
Antidumping and countervailing duty laws provide American businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of the unfair pricing of imports into the United States. Commerce currently maintains 456 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.
The U.S. International Trade Commission (ITC) is scheduled to issue its final determinations on or around November 1, 2018. If the ITC makes affirmative final injury determinations, Commerce will issue AD orders on the subject merchandise from Brazil, Indonesia, Korea, Pakistan, and Taiwan. If the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued.
Click HERE for a fact sheet on today’s decisions.
The U.S. Department of Commerce’s Enforcement and Compliance unit within the International Trade Administration is responsible for vigorously enforcing U.S. trade laws and does so through an impartial, transparent process that abides by international law and is based on factual evidence provided on the record.
Foreign companies that price their products in the U.S. market below the cost of production or below prices in their home markets are subject to antidumping duties.