EU introduces polyester-fiber duties against Taiwan, Malaysia
The European Union imposed tariffs on polyester fibers from Taiwan and Malaysia to protect EU producers including Ireland's Wellman International Ltd. and Spain's La Seda de Barcelona SA from cheaper imports.
The EU had imposed anti-dumping duties on polyester staple fibers from Taiwan until March 2005, when the bloc ended the measures after finding that dumping by Taiwanese exporters including Nan Ya Plastics Corp. and Far Eastern Textile Ltd. Had become too limited to justify the trade protection. Taiwanese and Malaysian exporters doubled their combined share of the EU market to about 15% last year compared with 2002, hurting the sales and market share of the EU industry, the commission said in its decision on the new duties. In 2005, Taiwan's share of the EU market was about 13% and Malaysia's 2%, according to the commission. Under EU procedures, the commission can impose provisional anti-dumping duties for six months and the EU's national governments can turn those measures into „definitive” five-year duties at the same or different rates. (Bloomberg)
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