The US International Trade Commission (USITC) recently concluded that revoking the existing anti-dumping duty orders on import of polyester staple fibre (PSF) from South Korea and Taiwan would likely lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result, the existing orders on import of this product from the two economies will remain in place.
The action came under the five-year (sunset) review process required by the Uruguay Round Agreements Act, which requires the US department of commerce to revoke an anti-dumping or countervailing duty order, or terminate a suspension agreement, after five years unless the department and the USITC determine that doing so would likely lead to continuation or recurrence of dumping or subsidies and of material injury within a reasonably foreseeable time.
Read more about US orders on PSF import from S Korea, Taiwan to remain in place
Explore Textile Import Export News