The U.S. Department of Commerce has recently announced affirmative preliminary determinations in an investigation on Polyester Textured Yarn (PTY) import from China and India.
The countervailing duty (CVD) investigations of imports of PTY (Under US Harmonized Tariff Schedule 5402333000 and 5402336000) from China and India found that exporters received subsidies ranging from 32.04 to 459.98 per cent and 7.09 to 20.45 per cent in respective countries under investigation. Therefore, Commerce Department has instructed U.S. Customs and Border Protection to collect deposits from importers of PTY from China and India based on these preliminary rates.
The complaint petitioners were filed by USA based manufacturers Unifi Manufacturing, Inc. and Nan Ya Plastics Corp. America. As per data, China and India exported PTY worth US$ 35 and US$ 19 to United States of America in 2017.
Since the beginning of the Trump Administration, US Department of Commerce has initiated 158 new antidumping and countervailing duty investigations which is a 216 per cent increase from the comparable period in the previous administration. The department currently maintains 477 antidumping and countervailing duty orders which provide relief to American companies.
Final CVD determination on this investigation by the Department of Commerce is scheduled to announce by 10th September 2019. If final determinations found affirmative, the U.S. International Trade Commission (ITC) will make its final injury determinations on October 24, 2019.
Preliminary subsidy rates as found by the investigation are below:
|Country||Exporter or Producer||Subsidy Rate|
|China||Fujian Billion Polymerization Fiber Technology Industrial Co., Ltd||32.04%|
|Suzhou Shenghong Fiber Co., Ltd||459.98%|
|Suzhou Shenghong Garment Development Co||459.98%|
|India||JBF Industries Limited||20.45%|
|Reliance Industries Limited||7.09%|