Govt Slaps 5 Year Duties On Chinese Indonesian Pet Exporters

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 All PET producers and exporters in Indonesia have been slapped with a 37.44% duty while Chinese firms, with the exception of five companies, get an 11.47% rate.
Miti said an investigation confirmed that PET is being imported for lower than the selling price in China and Indonesia, negatively impacting Malaysia’s domestic industry.PETALING JAYA: The government has decided to impose a five-year anti-dumping duty on Chinese and Indonesian exporters of polyethylene terephthalate (PET), effective today
The investment trade and industry ministry (Miti) said this followed a probe launched in August 2023 on the imports of PET from China and Indonesia, after a petition filed by a local firm producing the same polymer.
It said the investigation confirmed that PET was being imported at a price lower than the selling price in China and Indonesia, negatively impacting Malaysia’s domestic industry.
Putrajaya subsequently imposed a 37.44% duty on all PET producers or exporters in Indonesia.
For Chinese firms, Far Eastern Industries (Shanghai) Ltd has been slapped with a 4.58% duty, followed by Jiangsu Hailun Petrochemical Co Ltd, Jiangsu Xingye Plastic Co Ltd and Jiangyin Xingtai New Material Co Ltd, which were each given a 2.29% rate.
Other PET producers or exporters in China have been given a heavier 11.47% duty.
The difference in anti-dumping duties for the Chinese firms was based on their respective dumping margins.
“The customs department will enforce the collection of the anti-dumping duties on the imports of the subject merchandise for a period of five years, effective May 7, 2025, to May 6, 2030.
“With the imposition of anti-dumping duties on the imports of subject merchandise from the alleged countries, it is expected that the issue of unfair trade practices will be addressed,” said Miti. - FMT

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