Because a 10% duty and an anti-dumping duty on PET wasn’t enough, Safripol also requested an additional 5% duty increase on PET.
The only local producer of PET would like the normal duties on PET imported under tariff subheadings 3907.69.10 (currently zero), 3907.61.90 and 3907.69.90 (currently 10%) to increase to 15%.
The reasons given are:
- Imports of PET which are a like product to the SACU product, have flooded the SACU market at very low prices;
- The flood of low-priced imports has resulted in a decline in Safripol’s sales volumes and market share;
- Safripol has recently completed a significant expansion investment of over R1 billion in order to increase its production capacity; the flood of low-priced imports has ensured that Safripol has not been able to achieve any returns on its investments”.
If you wish to oppose this duty increase application, please send a mail to firstname.lastname@example.org.
Interested parties have until 24 May 2019 to respond.