Malaysia Enforces Anti-Dumping Duties on PET Imports
The Malaysian Trade Ministry announced the imposition of anti-dumping duties on polyethylene terephthalate imports from Indonesia and China. Indonesia faces a duty rate of 37.44%, while China's rates range from 2.29% to 11.74%. These measures will be effective for five years starting May 7.
The Malaysian Trade Ministry has declared that it will enforce anti-dumping duties on polyethylene terephthalate (PET) imports from Indonesia and China. This follows the completion of an investigation into the matter.
Indonesia will face a substantial duty rate of 37.44%, whereas China will encounter varying rates between 2.29% and 11.74%, as unveiled by the Investment, Trade and Industry Ministry's statement.
The imposition of these duties, set to commence on May 7, is slated to continue for a period of five years, according to the ministry.
(With inputs from agencies.)
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