VOL NO REGD NO DA 1589

Sunday, June 25, 2006

HEADLINE

POLITICS & POLICIES

METRO/COUNTRY

EDITORIAL

VIEWS & OPINIONS

LETTER TO EDITOR

COMPANIES & FINANCE

BUSINESS/FINANCE

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Focus on Real Estate

FE Information Technology

URBAN PROPERTY

CORPORATE/BUSINESS

Special on Logistics

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

INDEPENDENCE DAY OF THE UNITED STATES OF AMERICA 04 JULY, 2006

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

BUSINESS/FINANCE
 
US polyster producers file anti-dumping case against China
6/25/2006
 

          WASHINGTON, June 24 (AFP): Three US producers of polyster fibre yesterday filed an anti-dumping duty petition against China, saying Chinese imports at unfair prices were hurting the domestic industry.
The three companies-DAK Americas, Nan Ya Plastics Corp America, and Wellman-accused certain Chinese producers of gaining market share in the United States by underselling and aggressive low-pricing of imports.
The Chinese rivals' actions "suppress US prices, causing material injury to US manufacturers," they said in a joint statement.
The petition covers only polyester staple fibres with a diametre of three denier and greater, which are generally used as stuffing in sleeping bags, mattresses, bedding and furniture.
It asks the US government to impose anti-dumping duties on imports of more than 100 Chinese producers including as Sanfangxiang and Sinopec.
"In just a few years, China has grown to be the number-one import source-country for certain polyester staple fibre, eclipsing even (South) Korea and Taiwan-two countries whose imports are currently subject to anti-dumping duty orders in the US," said Paul Rosenthal, lead counsel to the petitioners.
Anti-dumping duties are intended to offset the amount by which a product is sold at less than fair value in the United States.
The petitioners said that the imports they complained about constitute a large and increased share of the US market.
They noted that the weight of imports of the specified Chinese polyester fibre surged 161 per cent between 2003 and 2005. Chinese shipments accounted for 39 per cent of all imports in the latest 12-month period.
Meanwhile, the United States set up yesterday a new office to combat copyright piracy worldwide and appointed a senior lawyer to marshal China's compliance with trade commitments.
The moves underline Washington's concerns over the rising costs of intellectual property (IP) theft and are part of a multipronged government effort to protect rights through enforcement, international cooperation, legislation and prevention programmes, officials said.

 

 
  More Headline
Senators ask Bush to stand tough on farms at WTO talks
US polyster producers file anti-dumping case against China
India, US to initiate infrastructure investment programme
IMF sees slight upward revision in '06-07 world economic growth
IMF to consider boosting African representation
BoI launches 'Speed Remittance' service in UAE
China parliament to mull anti-monopoly law
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com