EU MINISTERS APPROVE RETENTION OF EU POLYESTER FIBRE ANTI-DUMPING DUTIES

BY KEITH NUTHALL

THE EUROPEAN Union (EU) Council of Ministers has swiftly approved the re-establishment of anti-dumping duties on imports of polyester staple fibres from Belarus, China, Saudi Arabia and South Korea. Ministers agreed with the European Commission that lifting them would lead to further dumping of this yarn on EU markets. The new rates will be 10.6% for South Korean, 21% for Belarus, 20.9% for Saudi Arabia and 49.7% for China exports, with some companies paying lower duties.

ENDS


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