RI accused of dumping

RI accused of dumping

BRUSSELS (Reuter): The European Commission has begun dumping inquiries into polyester yarn exports to the European Union from Thailand, Indonesia and India.

Commission action, detailed in the EU's Official Journal, follows a complaint by the Comite International de la Rayonne et des Fibers Synthetiques (CIRFS) on behalf of certain European Union producers of polyester filament yarn.

"The complaint has stated and provided sufficient evidence that imports...have increased from 4,500 tons in 1991 to 13,000 tons in 1993," the Commission said Monday, adding that corresponding market share rose from 1.9 percent to six percent.

CIRFS told the Commission that Community prices had fallen 20 percent since 1992 due to the pressure exerted by allegedly dumped imports rather than lower raw material prices.

Dumping margins -- the difference between domestic and export prices -- ranged from nine percent for Indian yarn to 35 percent for Thai-produced yarn, CIRFS said.

The Commission invited interested parties to comment, in writing, by the end of August.