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No anti-dumping duty on psf import from china

No anti-dumping duty on psf import from china Source: www.yarnsandfibers.com
Date: 03-08-2013
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All Pakistan Textile Mills Association (APTMA) said National Tariff Commission (NTC) would not impose anti-dumping duty on import of Polyester Staple Fibre (PSF) from China.
 
Acting Chairman APTMA Wisal Monnoo said after the successful representation by APTMA of its case non-imposition of anti-dumping duty would have a positive impact on textile imports and would provide a long term advantage to the textile industry, as polyester use was bound to increase.
 
NTC initiated anti-dumping investigation in June 2012 against the PSF import from China on application of the domestic PSF industry.
 
PSF is an important industrial material. After value-addition on the imported fibre, the textile products are exported. Further he said export worth billions of dollars was possible due to competitiveness of Pakistan’s textile industry in spite of the odds it operates against.
 
The international textile market is intensely competitive and operates on very low margins. Import of PSF was a necessity in view of the acute domestic production shortfall of PSF marketing to 150,000 tonnes per annum against local suppressed demand of about 500,000 tonnes per annum, he added.

Imposition of anti-dumping duty operates against the international competitiveness of Pakistan textile products predominantly meant for export. Therefore APTMA and other interested parties opposed the imposition of anti-dumping duty and evidenced before the NTC the absence of the pre-requisite conditions for the imposition of the anti-dumping duty.

However, provisional anti-dumping duty continued for four months. Domestic PSF industry was vociferous in their pleading for imposition of anti-dumping duty as it gives them a margin of protection by which they raise their domestic prices. The imposition of anti-dumping duty on industrial raw material besides making imports costlier have the effect of raising domestic raw material prices to a level where they become unviable for the textile industry.
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