Sandler, Travis & Rosenberg Trade Report
A petition filed Sept. 26 alleges that polyethylene terephthalate (PET) resin from Brazil, Indonesia, Korea, Pakistan, and Taiwan is being sold at less than fair value in the U.S. market. The petition alleges dumping margins of 18.76 percent to 114.84 for Brazil, 58.73 percent to 103.48 percent for Korea, 8.49 percent to 95.06 percent for Indonesia, 18.47 percent to 45.97 percent for Taiwan, and 27.69 percent to 59.92 percent for Pakistan.
The petition covers PET resin having an intrinsic viscosity of at least 70, but not more than 88, milliliters per gram. Blends of virgin PET resin and recycled PET resin containing 50 percent or more virgin PET resin content by weight are included provided they meet the intrinsic viscosity requirements above. All PET resin meeting the above specifications, regardless of additives introduced in the manufacturing process, is included. Subject goods are properly classified under HTSUS 3907.61.0000 and 3907.69.0000.
The Department of Commerce and the International Trade Commission will next determine whether to launch AD duty and injury investigations, respectively, on this product. 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 Kristien Smith at (202) 730-4965 or David Craven (312) 279-2844.