22 Oct 2018
New AD/CV Investigations on Polyester Textured Yarn
The U.S. International Trade Commission has initiated antidumping and countervailing duty investigations of mainland Chinese polyester textured yarn classified under HTSUS 5402.33.3000 and 5402.33.6000. The petitioners contend that this product is being sold at less than fair value in the U.S. market and is also benefitting from countervailable subsidies. The alleged average dumping margins are 40.5 percent to 130.58 percent. There are strict statutory deadlines associated with these proceedings, so affected companies that wish to protect their interests should contact trade counsel as soon as possible. As of 19 October, the USITC had not yet released its schedule for the preliminary injury phase of these investigations.
The yarn covered by these proceedings is synthetic multifilament yarn manufactured from polyester polyethylene terephthalate. It is produced through a texturing process that imparts special properties to the filaments of the yarn, including stretch, bulk, strength, moisture absorption, insulation and the appearance of a natural fibre. The scope includes all forms of polyester textured yarn regardless of surface texture or appearance, yarn density and thickness (as measured in denier), number of filaments, number of plies, finish (luster), cross section, colour, dye method, texturing method or packing method (such as spindles, tubes or beams) and regardless of end use.