With effect from February 3, 2010, China`s Commerce Department has imposed punishing tariffs of 2.3-20% on the imported PTA from South Korea and Thailand.
China’s ruling to have South Korean and Thaai makers of PTA (purified terephthalic acid) hand in high-volume guarantee funds when selling the products to China is expected to benefit Taiwanese manufacturers - Formosa Chemical & Fibre Corporation (FCFC), China American Petrochemical Co.
For more details on Taiwan to gain from China’s ruling against PTA makers in South Korea and Thailand click here
Wednesday, February 24, 2010
Taiwan to gain from China’s ruling against PTA makers in South Korea and Thailand
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