EU anti-dumping on Asian PET

EU anti-dumping on Asian PET

BRUSSELS (AFX): EU member states said they confirmed anti- dumping and countervailing duties, to counter unfair subsidies, on imports of certain types of polyethylene terephthalate from India, Indonesia, Malaysia, South Korea, Taiwan and Thailand.

At the same time, the commission said it has accepted minimum price undertakings on PET from India's Pearl Engineering Polymers Ltd and Reliance Industries Ltd, and Indonesia's PT Polypet Karyapersada.

The anti-dumping duties are for Indonesia 187.7 eur per ton, India 181. 7, Malaysia 160.1, Korea 148.3, Thailand 83.2, and Taiwan 69.5, an EU regulation said.

The countervailing duties are Thailand 49.1 eur per ton, India 41.3, Malaysia 16.6, it said.

PET is widely used for non-alcoholic drink bottles, it said.