New AD and CV Duties Sought on PET resin from China, India, Oman, and Canada
Petitions filed March 9 allege that certain PET resin from China, India, Oman, and Canada is being sold at less than fair value. The alleged dumping margins are 193.66 percent to 206.51 percent for China, 29.38 percent for India, 125.72 percent to 129.13 percent for Oman and 91.6 percent to 101.44 percent for Canada.
Petitions filed March 9 and February 26 also allege countervailable subsidies for each of the four countries.
The scope of this petition covers polyethylene terephthalate (“PET”) resin having an intrinsic viscosity of at least 0.70 deciliters per gram but not more than 0.88 deciliters per gram (“certain PET resin”). Certain PET resin is typically used in the production of plastic beverage bottles, in packaging for food and manufactured products, in containers for household and automotive products, and in industrial strapping. The scope includes PET resin that contains various additives introduced in the manufacturing process, as well as blends of virgin PET resin and recycled PET. PET resin is currently classified under HTSUS subheading 3907.60.00.30.
The International Trade Administration and the International Trade Commission will next determine whether to launch AD/CV duty and injury investigations, respectively, on the subject PET resin from each of China, India, Oman, and Canada. There are strict statutory deadlines associated with these proceedings, so affected companies that wish to protect their interests should contact trade counsel as soon as possible.
For more information contact Kristen Smith at (202) 730-4965 or Mark Ludwikowski at (202) 730-4967.