Malaysia imposes anti-dumping duties on PET plastic imports from China, Indonesia
The ministry said the investigation concluded that PET from China and Indonesia had been entering the Malaysian market at prices below the domestic selling prices in the respective exporting countries, causing material injury to Malaysia’s domestic PET industry.
The ministry said the investigation concluded that PET from China and Indonesia had been entering the Malaysian market at prices below the domestic selling prices in the respective exporting countries, causing material injury to Malaysia’s domestic PET industry. (Photo: malaymail.com)
Jakarta (VNA) 🌼- Malaysia has imposed definitive anti-dumping duties on imports of Polyethylene Terephthalate (PET) from China (from 2.29% to 11.74%), and Indonesia (37.44%), effective on May 6.
The Ministry of Investment, Trade and Industry (MITI) said this came after the conclusion of its months-long investigation into unfair trade practices.
The anti-dumping investigation, initiated on August 9, 2024, was conducted under the Countervailing and Anti-Dumping Duties Act 1993 and its associated regulations.
The ministry said the investigation concluded that PET from China and Indonesia had been entering the Malaysian market at prices below the domestic selling prices in the respective exporting countries, causing material injury to Malaysia’s domestic PET industry.
According to MITI, these duties will be enforced by the Royal Malaysian Customs Department for a five-year period, starting May 7, 2025 and ending May 6, 2030.
The imposition of these duties is expected to address the issue of unfair trade practices and provide relief to the domestic PET industry.
Interested parties, including local producers, importers, exporters, and trade associations involved in the investigation, may request access to the non-confidential version of the final determination report by submitting a formal written application./.
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