The Saigon Times
HCMC - The U.S. Department of Commerce (DOC) has officially announced the initiation of new antidumping investigations to determine whether polyester textured yarn from Vietnam and three other countries is being dumped in the U.S. market.
The three other nations are Indonesia, Malaysia and Thailand, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade. The petitions were filed by Nan Ya Plastics Corporation in South Carolina and Unifi Manufacturing, Inc. in North Carolina.
The alleged dumping margin is 54.13% for Vietnam, while that for Indonesia, Malaysia and Thailand is 26.07%, 75.13% and 54.13%, respectively, the International Trade Administration under the U.S. DOC said in a statement.
If the U.S. DOC discovers affirmative findings in these investigations, and if the U.S. International Trade Commission (ITC) determines that dumped polyester textured yarn from Vietnam materially injures or threatens material injury to the U.S. industry, the U.S. DOC will impose duties on Vietnam’s imports in the amount of dumping found to exist.
The ITC will make its preliminary determinations no later than December 14, 2020. If the ITC preliminarily determines that there is a reasonable indication of material injury or threat of material injury to the domestic industry, the U.S. DOC’s investigations will continue, with the preliminary determinations scheduled for April 6, 2021.
If the U.S. DOC preliminarily determines that dumping is occurring, then it will instruct U.S. Customs and Border Protection to start collecting cash deposits from all U.S. companies importing polyester textured yarn from Vietnam, as appropriate.
Final determinations by the U.S. DOC in these cases are scheduled for June 21, 2021, although these deadlines may be extended. If the U.S. DOC finds that products are not being dumped or the ITC finds in its final determinations that there is no injury to the U.S. industry, then the investigations will be terminated and no duties will be applied.
To protect the rights and benefits of Vietnamese enterprises, the Trade Remedies Authority of Vietnam asked the enterprises to closely collaborate with the authority and with the U.S. DOC during the investigations.
In 2019, polyester textured yarn imports from Vietnam into the United States were valued at US$4.5 million. Among the Vietnamese export products, yarn has been subjected to the second largest number of investigations after steel over the past 10 years, with more than 10 antidumping, anti-subsidy and tax evasion investigations from the United States, Turkey, the EU, India, Brazil and Indonesia.
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