Europe imposes tariff on RI polyester yarn

Europe imposes tariff on RI polyester yarn

JAKARTA (JP): The European Commission imposed temporary anti-
dumping tariffs on Indonesian polyester yarn for four months as
of May 30.

Bisnis Indonesia quoted an industrial source as saying that
the tariff rates imposed on the goods range between 4.9 percent
and 22 percent.

The tariffs were imposed based on an investigation conducted
since July 1994 by a European anti-dumping team, which had
received complaints from the Committee of International Rayon and
Fiber Synthetics.

The rayon committee charged that polyester textured filament
yarn, code-named NC 5402 33 10 and 5402 33 90, from Indonesia and
Thailand were marketed in European countries at prices far below
those set by European producers.

According to the daily, the prices of Indonesian polyester
yarns were 41.3 percent, and the Thai yarns 49.9 percent, lower
than those set by European producers.

Big European companies such as Rhone Poulenc, Hoechst, Akzo
and Montefibre have reportedly suffered losses due to the alleged
dumping practices.

The source said that the affected exporters from Indonesia are
allowed to complain to the European Commission in relation to the
accusations.

He said the anti-dumping team will continue evaluating the
dumping allegations.

Definite sanctions will be decided after the evaluation is
concluded in September. (kod)