EU PET COUNTERVAILING DUTY PROPOSED BY EUROPEAN COMMISSION
September 1st, 2010
BY KEITH NUTHALL
THE EUROPEAN Commission has proposed imposing definitive countervailing duties on imports into the European Union (EU) of certain polyethylene terephthalate (PET) exported from Iran, Pakistan and the United Arab Emirates (UAE). The duties - which as usual compensate EU producers for government subsidies or assistance in the exporting countries - would range from 5.1% to 16.7%. These are marginally lower that provisional duties imposed in June - of 5.1% to 17%. That said, the proposal sent to the EU Council of Ministers for approval couches the ...
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