Malaysia imposes provisional anti-dumping duties on PET imports from China, Indonesia
The duties range from 6.33% to 37.44%, and will be in force for a maximum of 120 days
Add BT as a preferred source
[KUALA LUMPUR] The Malaysian government has imposed provisional anti-dumping duties on imports of polyethylene terephthalate (PET) originating from China and Indonesia, following an investigation launched on Aug 9, 2024.
The move aims to protect the domestic PET industry from alleged unfair trade practices, said the country’s Ministry of Investment, Trade and Industry (Miti) in a statement.
An investigation, conducted under the Countervailing and Anti-Dumping Duties Act 1993 and its accompanying regulations, was initiated after a petition by Recron Malaysia, a key domestic producer of this plastic resin commonly used in fibres for clothing and containers for foods and liquids.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
