Sunday, February 17, 2008

China ends five year import ban on PET from ROK

China has ended a five year ban on material from Republic Of Korea. Chine has lifted five years of anti-dumping measures on polyethylene terephthalate (PET) and polyester staple fiber imports from the Republic of Korea (ROK) since February 3. The anti-dumping measures have expired naturally after five years as no appeal was filed in the last 60 days before the deadline. In a bid to ease domestic industry concerns, China had launched 5 year punitive anti-dumping tariffs ranging from 2-48%, in 2003, on the two materials imported from ROK.

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