Textured Yarn Subject of New AD/CV Petitions
A petition filed Oct. 18 alleges that polyester textured yarn from China and India is being sold at less than fair value in the U.S. market and benefitting from countervailable subsidies. The alleged average dumping margins are 40.5 percent to 130.58 percent for China and 67.93 percent for India.
The yarn covered by this petition is synthetic multifilament yarn manufactured from polyester þolyethylene terephthalate. It is produced through a texturing process that imparts special properties to the filaments of the yarn, including stretch, bulk, strength, moisture absorption, insulation, and the appearance of a natural fiber. The scope includes all forms of polyester textured yarn regardless of surface texture or appearance, yarn density and thickness (as measured in denier), number of filaments, number of plies, finish (luster), cross section, color, dye method, texturing method, or packing method (such as spindles, tubes, or beams) and regardless of end use.
Subject goods are currently classifiable under HTSUS subheadings 5402.33.3000 and 5402.33.6000.
The Department of Commerce and the International Trade Commission will next determine whether to launch AD and CV duty and injury investigations, respectively, on these products. 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.