Commerce also posted a listing of subsidies it said major producers of polyester textured yarn are receiving from their government..”.The list for China includes:.• Fujian Billion Polymerization Fiber Industrial Co Ltd.: preliminary subsidy rate of 32.04%.• Jiangsu Shenghong Textile Imp & Exp com.: 459.98%.• Suzhou Shenghong Fiber Co Ltd.: 459.98%.• Suzhou Shenghong Garmant Development com.: 459.98%.• All others: 32.04%.The list for India includes:.• JBF Limited: 20.45%.• Reliance Industries Limited: 7.09%.• All others: 13.82%.Last October, two major US synthetic yarn producers – Unifi Manufacturing and Nan Ya Plastics Corporation America – filed petitions with the Commerce Department and the US International Trade Commission (USITC) alleging that dumped and subsidized imports of polyester textured yarn from China and India are causing material injury to the domestic industry.”The Commerce Department initiated the investigations in November, and the USITC preliminarily determined in December the petitioners were correct.”Excluded from the scope of the investigation is bulk continuous filament yarn that is polyester synthetic multifilament yarn, has denier size ranges of 900 and above, has turns per meter of 40 and above and has a maximum shrinkage of 2.5 percent%.”The merchandise subject to the investigation is classified under subheadings 5402.33.3000 and 5402.33.6000 of the Harmonized Tariff Schedule of the United States
Date:7/28/2019
Source:mubasher.info