Vietnam synthetic fiber exports escape India anti-dumping duties

By Anh Minh   May 7, 2021 | 10:38 am GMT+7
Vietnam synthetic fiber exports escape India anti-dumping duties
A polyester fiber plant in the northern city of Hai Phong. Photo courtesy of Petrovietnam Petrochemical and Textile Fiber JSC.
India has decided not to impose anti-dumping duties on synthetic staple fibers imported from Vietnam saying they do not harm domestic production.

The trade remedies authority of Vietnam received a notice to the effect from the Indian Ministry of Finance Thursday.

India also decided not to impose anti-dumping duties on synthetic staple fiber originating or imported from China and Indonesia.

It had begun the anti-dumping investigation in January last year at the request of the Indian Manmade Yarn Manufacturers Association.

In December, its Directorate General Of Trade Remedies had recommended duties of $0.25-0.8 per kilogram, including $0.41 on Vietnamese products.

Vietnam exported $3.7 billion worth of fiber last year, down 10 percent, according to the Ministry of Industry and Trade. Exports to India fell 66 percent to $41 million.

Vietnam’s fiber industry suffered last year due to both the severe impacts of the pandemic and anti-dumping investigations by the U.S. and India and safeguard investigations by Turkey.

 
 
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