On 23 November 2018 ITAC initiated an anti-dumping investigation on polyethylene terephthalate (PET) imported from the People’s Republic of China (PRC). The product is imported under tariff subheading 3907.6. There are currently anti-dumping duties on PET imported from Taiwan (75%), India (54.1%) and Korea (19.7%).
It is alleged that the product (PET) is being dumped in the Southern African Customs Union (SACU) market, causing material injury and threatening to cause material to the SACU industry concerned. In the last 3 years (July 2015 to June 2018), the import volumes out of China have increased from 54 591 tons, to 136 536 tons, an increase of 150%. The value of the imports for the most recent 12 months was R1.9bn, an increase of R1.2bn from from R711m for the first year.
Interested parties have 30 days from the date of the initiation notice to provide responses.
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