Turkey’s Ministry of Economy has decided to impose provisional anti-dumping duties on the polyester Partially Oriented Yarn (POY) imported from the South-East Asian country Vietnam and 6 others.
POY imported from Vietnam, coded HS: 5402.46, will attract 36.28 per cent anti-dumping duty, said the Ministry.
The decision of imposing duties on POY has come amidst the investigation initiated in February this year by Turkey. In the investigation, the Ministry of Economy found that from January 1st, 2010 to December 31st, 2016, the imported quantity of the polyester POY had surged significantly.
The probe over rising yarn imports (from 159,960,807 kg in 2010 to 295,789,479 kg in 2016) strengthened following a complaint filed by a Turkish textile manufacturer Korteks Mensucat ve Sanayi Anonim Sirketi.
Expressing the disappointment over anti-dumping duties, Vietnam Competition Authority, commented, “Despite being one of the key exporters of POY to Turkey, we have been subjected to these duties which are clearly not a good sign for us.”
Not just Vietnam, Turkey has imposed temporary anti-dumping duties on POY imported from China, India, Indonesia, Taiwan, Malaysia and Thailand as well.
POY import from India, Taiwan and Thailand will be taxed at 10.15 per cent, 14.3 per cent, 18.85 per cent. Whereas the same would be levied at US $ 263 per tonne, US $ 120 per tonne and US $ 138 per tonne, respectively as far as China, Indonesia and Malaysia are concerned, stated the Turkish Ministry.
The duties will remain effective until the final decision on the investigation comes out.