16:00 | 12/05/2015 Trade
The General Directorate of Imports under the Turkish Ministry of Economy has recently filed an anti-dumping investigation into spun polyester yarns imported from some countries including Vietnam.
The agency announced it has received a petition from domestic fibre manufacturers, claiming that some products have been imported into Turkey at substantially reduced prices and made a negative impact on the domestic industry.
It found in the petition sufficient proof to launch an anti-dumping investigation into spun polyester yarns imported from some nations including Vietnam.
According to the Vietnam Competition Authority (VCA), Vietnam’s spun polyester yarns exported to Turkey over the past three years has been relatively large, valuing at some US$120 million per year and accounting for 20% of total yarn imports into the Turkish market, only after China and India.
Currently, Turkey is imposing an anti-dumping tax of some US$48-351 per tonne on imports from China, Indonesia and Malaysia in a period of five years since December 17, 2014.
The VCA said this is the third time Turkey has filed an anti-dumping lawsuit against yarns imported from Vietnam.
Earlier, Turkey imposed anti-dumping taxes on Vietnam’s synthetic staple fibres and polyethylene/polypropylene yarns. So far, the country has filed five anti-dumping lawsuits against imports from Vietnam.Source VOV News