Turkish Ministry of Economy to fight the evasion of POY products imports from seven countries – China, India, Malaysia, Indonesia, Taiwan, Thailand and Vietnam has announced imposition of provisional anti-dumping duty on partially oriented yarn (POY) with HS code 5402.46.
The ministry said that the volume of imported POY increased considerably during January 1, 2010 to December 31, 2016. The measure would take effect until Turkey gives the final conclusion on an investigation of anti-dumping duty evasion. Turkish agencies have launched an investigation into the issue since February last year following a petition from Korteks Mensucat ve Sanayi Anonim Sirketi Company.
According to the data obtained from Turkish Statistical Institute, it was determined that POY imports had increased considerably, especially after 2010, the ministry said in an official communiqué.
The Turkish Ministry of Economy said the temporary duty was issued due to an upsurge in POY imports into the country in the 2010-2016 period.
Besides, some POY buyers are manufacturers of Drawn Textured Yarn (DTY) products. In November 2016, Turkey applied a high anti-dumping duty of over 72% on polyester textured yarn imports from Vietnam.
The share of Turkish POY imports from the above mentioned seven countries was 99.1 per cent in 2014 and 2015, and it was 99.2 per cent in 2016. In terms of volume, it has increased from 159,960,807 kg in 2010 to 295,789,479 kg in 2016.
The anti-dumping duty on POY from India, Taiwan, Thailand and Vietnam will be 10.15 per cent, 14.3 per cent, 18.85 per cent and 36.28 per cent respectively. The duty on import of POY from China, Indonesia and Malaysia would be levied at $263 per ton, $120 per ton and $138 per ton respectively.
Previously, Turkey opened an anti-dumping probe into man-made yarn or synthetic staple fibers imported from Vietnam, Malaysia, Greece, Pakistan and Thailand. The country decided to levy duties of 19.48-25.25% on Vietnamese products in five years starting from August 2014.
According to the Vietnam Cotton and Spinning Association, Turkey used to account for a third of Vietnamese yarn exports. However, local enterprises have promoted shipments to China and South Korea due to high anti-dumping duties imposed by Turkey in recent years.
Avavav has continued its exploration of innovative materials by presenting new garments made with recycled viscose pulp from OnceMore during…
Vegea has increased the production capacity of its biobased material, GrapeSkin, as interest grows in alternatives to fossil-based and animal-derived…
Puma has announced a partnership with Chinese materials company Shincell to develop the next generation of its NITRO running foam.
Thermore, a company in thermal insulation, has introduced Ecodown Fibers T2T. The new free-fibre insulation is produced entirely from recycled…
Eurojersey, Lycra have collaborated to launch Empowered Play, a new approach to functional apparel where technical performance and comfort come…
Graphene-X has introduced its first women’s clothing collection, expanding its use of graphene-integrated fabrics beyond the men’s and unisex products.