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.